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 Indian Economy Questions

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Q:

Pump priming should be resorted to at a time of?

A) Inflation B) Deflation
C) Stagflation D) Reflation
 
Answer & Explanation Answer: B) Deflation

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Q:

CENVAT is related to which of the following ?

A) Sales Tax B) Excise Duty
C) Custom Duty D) Service Tax
 
Answer & Explanation Answer: B) Excise Duty

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Exam Prep: Bank Exams

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Q:

Economic planning in India is in____

A) Union List B) State list
C) Concurrent List D) None
 
Answer & Explanation Answer: C) Concurrent List

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0 1378
Q:

A company faces a -2.5 price elasticity of demand for its product. It is presently selling 10,000 units/month. If it wants to increase quantity sold by 6%, it must lower its price by

A) 3.50% B) 15%
C) 2.50% D) 2.40%
 
Answer & Explanation Answer: D) 2.40%

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Exam Prep: Bank Exams , CAT

0 1377
Q:

Trickle down theory ignores the impact of economic growth on

A) Investment B) Savings
C) Income distribution D) consumption
 
Answer & Explanation Answer: C) Income distribution

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Exam Prep: Bank Exams

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Q:

The APC can be defined as the fraction of a:

A) change in income that is not spent. B) change in income that is spent.
C) specific level of total income that is not consumed. D) specific level of total income that is consumed.
 
Answer & Explanation Answer: D) specific level of total income that is consumed.

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Exam Prep: Bank Exams

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Q:

The main effect of Direct Taxes is on

A) Food prices B) Consumer goods
C) Capital goods D) Income
 
Answer & Explanation Answer: D) Income

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Q:

Which of the following tax systems will help to reduce economic inequalities in India?

A) Regressive Tax B) Progressive Tax
C) Flat rate tax D) None of these
 
Answer & Explanation Answer: B) Progressive Tax

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Exam Prep: Bank Exams

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