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 Indian Economy Questions

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Opportunity costs exist because

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Subject: Indian Economy Exam Prep: Bank Exams , CAT

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Q:

Which among the following is not an account under Balance of Payment?

A) Current Account B) Capital Account
C) Official Reserves Account D) Unilateral Payments Account
 
Answer & Explanation Answer: C) Official Reserves Account

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Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Q:

Sectoral distribution of GDP index measures_________

A) Agriculture development of a country B) Economic development of a country
C) Social development of a country D) Socio­Economic development of a country
 
Answer & Explanation Answer: B) Economic development of a country

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Q:

On 24 October 2017, the Government of India announced a massive of ______ package to boost economy

A) Rs 7 lakh crore B) Rs 9 lakh crore
C) Rs 15 lakh crore D) Rs 5 lakh crore
 
Answer & Explanation Answer: B) Rs 9 lakh crore

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Q:

During a recession _____

A) Producers will be cautiously optimistic. B) there will be decrease in inventory
C) There will be capacity under utilization. D) there will be expansion in bank credit
 
Answer & Explanation Answer: C) There will be capacity under utilization.

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Exam Prep: Bank Exams , CAT

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Q:

A motion that seeks to reduce the amount of demand presented by government to Rs. 1/- is known as

A) Disapproval of policy Cut B) Token cut
C) Economy cut D) Vote on account
 
Answer & Explanation Answer: A) Disapproval of policy Cut

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Q:

Ad Valorem tax is levied on?

A) Value B) Volume
C) Production D) Export
 
Answer & Explanation Answer: A) Value

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Filed Under: Indian Economy
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