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Indian Economy Quiz 3

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  1. Answered
  2. Review
  1. Question 1 of 50
    1. Question

    In calculating National Income which of the following is included?

  2. Question 2 of 50
    2. Question

    Bank-rate is the rate at which

  3. Question 3 of 50
    3. Question

    ECO MARC is a symbol related to :

  4. Question 4 of 50
    4. Question

    Consider the following reasons of continuous decline in average land-holding size in India:

    1. Law of inheritance
    2. Consolidation
    3. Farm mechanisation
    4. Desire of land ownership

    Pick the correct answer from the options given below:

  5. Question 5 of 50
    5. Question

    Which of the following sets belong to Central lax ?

  6. Question 6 of 50
    6. Question

    In the law of demand, the statement “Other things remain constant” means

  7. Question 7 of 50
    7. Question

    A firm is in equilibrium when its

  8. Question 8 of 50
    8. Question

    Given the money wages, if the price level in an economy increases, then the real wages will

  9. Question 9 of 50
    9. Question

    The difference between visible exports and visible imports is defined as

  10. Question 10 of 50
    10. Question

    What is Value Added Tax (VAT) ?

  11. Question 11 of 50
    11. Question

    The outcome of ‘devaluation of currency’ is

  12. Question 12 of 50
    12. Question

    The common currency which has been introduced among 11 European Nations is known as

  13. Question 13 of 50
    13. Question

    What is referred to as ‘Depository Services’ ?

  14. Question 14 of 50
    14. Question

    Industrial exit policy means

  15. Question 15 of 50
    15. Question

    Which authority decides about the States’ share in central taxes ?

  16. Question 16 of 50
    16. Question

    The ‘Interest Rate Policy’ is a component of

  17. Question 17 of 50
    17. Question

    In the budget figures of the Government of India, fiscal deficit is:

  18. Question 18 of 50
    18. Question

    Which State has the lowest per capita income in India ?

  19. Question 19 of 50
    19. Question

    ‘Gresham’s Law’ in Economics relates to

  20. Question 20 of 50
    20. Question

    A mixed economy works primarily through the

  21. Question 21 of 50
    21. Question

    Which of the following Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it?

  22. Question 22 of 50
    22. Question

    Which country/countries started privatisation of State-owned enterprises as a major State Policy?

  23. Question 23 of 50
    23. Question

    Which is the Agency the Government has engaged to grade the standardise various agricultural products?

  24. Question 24 of 50
    24. Question

    What is the purpose of the India Brand Equity Fund?

  25. Question 25 of 50
    25. Question

    Which authority recommends the principles governing the grants-in-aid of the revenues of the States out of the Consolidated Fund of India ?

  26. Question 26 of 50
    26. Question

    Which of the following Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the ‘Parliament House’ depicted on it?

  27. Question 27 of 50
    27. Question

    What are “Open Market Operations”?

  28. Question 28 of 50
    28. Question

    Special Drawing Rights (SDR) facility is available at

  29. Question 29 of 50
    29. Question

    What is referred to as “Depository Services” ?

  30. Question 30 of 50
    30. Question

    Which of the following groups suffer the most from inflation?

  31. Question 31 of 50
    31. Question

    An economy is in equilibrium when

  32. Question 32 of 50
    32. Question

    The best way, a bank can avoid loss is to

  33. Question 33 of 50
    33. Question

    If the price of an inferior good falls, its demand

  34. Question 34 of 50
    34. Question

    The Marginal Utility Curve slopes downward from left to right indicating

  35. Question 35 of 50
    35. Question

    How does the consumer benefit with VAT?

  36. Question 36 of 50
    36. Question

    Capital output ratio of a commodity measures

  37. Question 37 of 50
    37. Question

    In estimating the budgetary deficit, the official approach in India is to exclude

  38. Question 38 of 50
    38. Question

    In equilibrium, a perfectly competitive firm will equate

  39. Question 39 of 50
    39. Question

    The existence of a Parallel Economy or Black Money

  40. Question 40 of 50
    40. Question

    Which of the following is an open market operation of the RBI?

  41. Question 41 of 50
    41. Question

    How will a reduction in ‘Bank Rate’ affect the availability of credit ?

  42. Question 42 of 50
    42. Question

    When a large number of investors in a country transfer investments elsewhere because of disturbed economic conditions, it is called

  43. Question 43 of 50
    43. Question

    ‘Golden Handshake Scheme’ is associated with

  44. Question 44 of 50
    44. Question

    Inflation occurs when aggregate supply is

  45. Question 45 of 50
    45. Question

    In Economics, production means

  46. Question 46 of 50
    46. Question

    According to modern thinking, the law of diminishing returns applies to

  47. Question 47 of 50
    47. Question

    The concept that under a system of free enterprise, it is consumers who decide what goods and services shall be produced and in what quantities is known as

  48. Question 48 of 50
    48. Question

    Seawater, fresh air, etc., are regarded in Economics as

  49. Question 49 of 50
    49. Question

    If the price of tea falls, demand for coffee will

  50. Question 50 of 50
    50. Question

    Which of the following does not determine supply of labour?

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