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 Indian Economy Questions

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Q:

Micro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) understanding unemployment D) economic growth
 
Answer & Explanation Answer: B) the decision making of a single economic variable like demand

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Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists B) Citizens
C) Government D) Judiciary
 
Answer & Explanation Answer: C) Government

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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

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Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3% B) 10%
C) 2.50% D) 7%
 
Answer & Explanation Answer: B) 10%

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Q:

As per RBI In October 2017, Gross Non-Performing Assets (GNPA) ratio for NBFCs increased to what percentage till March 2017?

 

A) 2 B) 5
C) 10 D) 20
 
Answer & Explanation Answer: B) 5

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Q:

Which would most likely increase aggregate supply?

A) A decrease in net exports B) A decrease in business subsidies
C) An increase in productivity D) An increase in the prices of imported products
 
Answer & Explanation Answer: D) An increase in the prices of imported products

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Q:

Debenture holders of a company are its ___________.

A) Shareholders B) Creditors
C) Debtors D) Directors
 
Answer & Explanation Answer: B) Creditors

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Q:

What does 'C' stands for 'CAGR', a business specific term for the geometric progression ratio that provides a constant rate over the specific time period?

A) Control B) Compound
C) Credit D) Call
 
Answer & Explanation Answer: B) Compound

Explanation:

CAGR stands for Compound Annual Growth Rate. So, C stands for Compound. Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period.

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