Indian Economy Questions

Q:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

A) Monopsony B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: D) Monopolistic Competition

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 803
Q:

If tea companies start using mechanised tea leave pickers

A) more people would want to work as tea leave pickers B) unemployment of tea leave pickers will decrease
C) more tea will be produced per acre D) then wages for manual tea leave pickers will fall
 
Answer & Explanation Answer: D) then wages for manual tea leave pickers will fall

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 802
Q:

Which of these countries got Independence from United Kingdom?

A) Uzbekistan B) India
C) Venezuela D) South Korea
 
Answer & Explanation Answer: B) India

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 802
Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension B) Investment Expenditure
C) Value added D) Consumption Expenditure
 
Answer & Explanation Answer: A) Pension

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 802
Q:

What denotes offering several products for sale as one combined product?

A) Advertisement B) Product mix
C) Product bundling D) Differentiation
 
Answer & Explanation Answer: C) Product bundling

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

1 801
Q:

HDI is an aggregate measure of progress in which of the three dimensions?

A) Health, Education, Income B) Food Security, Employment, Income
C) Agriculture, Industry, Services D) Height, Weight, Colour
 
Answer & Explanation Answer: A) Health, Education, Income

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 800
Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 797
Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

2 795