A profit-maximizing strategy If the monopolist keeps it open, the best output is 50 per week, but at this output, it will lose money. What are the conditions under which it should be turned off?
1.If AR is less than SAC at this output.
2.If AR is less than AVC at this output.
3.If the MR at this output is less than the SAC.
4.If the MR at this output is less than the AVC
Assume that GDP remained constant over time while living standards rose. Which of the following is unlikely to be the cause?
1.There could be an increase in household output.
2.The underground economy may be able to increase production.
3.There is a chance that exports will increase.
4.There could be a rise in leisure time.
At which place the largest Refinery in the world is located?
1.Jamnagar
2.Punto Fijo
3.Ulsan
4.Seattle
Bank rate is the rate at which the RBI extends credit to the
1.Government of India
2.Foreign countries
3.Commercial Banks
4.None
Consider a scenario in which a small country imposes a tariff on a product. Which of the statements below is false?
1.The good’s consumer surplus will decrease.
2. The surplus of the producer of the goods will decrease.
3.The number of goods imported will decrease.
4.The total drop in surplus will be less than the deadweight loss.
In which year masala bonds were introduced for the first time?
1.2010
2.2013
3. 2015
4. 2014
In which year national rural health mission was launched?
1.2007
2.2004
3.2005
4.2008
The beginning of the micro finance movement in India could be traced to the self-help group (SHGs) – bank linkage programme (SBLP) started as a pilot project by National Bank for Agricultural and Rural Development (NABARD). In which year this pilot project had started?
1.1990
2.1991
3.1992
4.1999
The Direct Taxes Code is related to which among the following?
1.Income Tax
2.Sales tax
3.Excise Duty
4.Service tax
The world’s population has more than doubled in the last 50 years. Which of the following has happened as well? As Malthus predicted, the majority of people have been reduced to subsistence living. In comparison to average wages, the prices of most natural resources have risen dramatically.
1.1 and 2 are both correct.
2.Only 1
3. only 2
4.Neither 1 nor 2 are correct.
What do intermediate goods and services imply?
1.Plant, buildings, vehicles, and machinery are examples of capital goods.
2.Products that one company purchases from another and then incorporate into its own products.
3.All inputs purchased by businesses, such as labor and raw materials.
4.Imports are the fourth category.
What effect will a 10% increase in the money stock have on the price level in the long run, according to the quantity theory of money?
1.There is no effect.
2.The price level will increase, but not by more than 10%.
3.The price level will increase by 10%.
4.The price level will increase by at least 10%.
What exactly do you mean when you say “mixed economy”?
1.Traditional and modern industries
2. Both the public and private sectors are involved
3.Involvement of both foreign and domestic investors
4.Subsistence and commercial farming
What exactly do you mean when you say “under perfect competition in the product market”?
1.VMP = MRP
2.MRP > VMP
3.VMP > MRP
4. None of the preceding
What happens if the price floor is set higher than the equilibrium price?
1.Scarcity
2. Stability
3.Surpluses
4.None of the preceding
What is location of proposed Indian Institute of Heritage and Conservation?
1.Lucknow
2.Noida
3.Gwalior
4.New Delhi
What is Market equilibrium?
1.Quantity demanded greater than quantity supplied
2. Quantity demanded less than quantity supplied
3.Quantity demanded equal to quantity supplied
4.Quantity demanded is same as quantity produced
What is society’s primary economic problem?
1.Unemployment
2.Inequality
3.Poverty
4.Scarcity
What is the FDI allowed in steel sector under automatic route?
1.100%
2.75%
3.60%
4.49%
What is the minimum corpus for the Collective Investment Scheme(CIS)?
1. 10 crores
2.100 crores
3.50 crores
4.25 crores
What is the percentage of methane in natural gas?
1.65
2.75
3.85
4.95
What is the primary reason for classical economists’ belief that the government does not need to respond to a demand shock that results in unemployment?
1.Demand shocks are almost always minor.
2.Real wages are extremely malleable.
3.Governments are notorious for acting too late.
4.Unemployment was never caused by a lack of demand
What is the total digitization in the cable TV in India?
1.89%
2.100%
3.60%
4.74%
Where does equilibrium occur in the basic neoclassical growth model?
1.When per-worker investment equals per-worker savings.
2.Where depreciation per worker equals investment per worker.
3.Where capital per worker equals investment per worker.
4.In which output per worker equals capital per worker
Which among the following authority appoints a Deputy Governor in Reserve Bank of India?
1.Governor of RBI
2.Central Board of Directors
3.Central Government
4.Committee of the Central Board
Which among the following correctly denotes the Primary Deficit?
1. Revenue Expenditure – Revenue Receipts
2.sum of the net increase in holdings of treasury bills of the RBI and its contributions to the market borrowing of the government.
3.Budgetary Deficit + Govt. market borrowings and liabilities
4. Fiscal Deficit – Interest Payments
Which among the following denotes the main function of Bank of International Settlement?
1.A Bank for financial arbitration
2.A bank for central banks
3.A bank for Cheap loans
4.A bank for European Investment
Which among the following is negated with the help of Insurance?
1.Liability
2.Needs
3.Risk
4.Ownership
Which among the following is NOT a money market instrument?
1.Cash Management Bill
2.Certificate of Deposit
3.Commercial Paper
4.Debenture
Which among the following is the second largest agro-based industry?
1.Paper Industry
2.Sugar Indsutry
3.Textile Industry
4.None of the above
Which among the following is the world’s largest ship-breaking yard?
1.Chittagong Yard
2.Alang Yard
3.Karachi Yard
4.None
Which among the following rates play most important role in sucking out the liquidity in the system?
1.Repo Rate
2.Cash Reserve Ratio
3. Prime Lending Rate
4.BPLR
Which is the first ship built by the Hindustan Shipyard Limited?
1.Jal Hind
2.Jal Usha
3.Jal Jivi
4.Jal Ankar
Which is the largest coal-producing company in the world?
1.Coal India Limited
2.Central Coalfield Limited
3.BHP Group
4.China Shenhua Energy Company
Which is the largest electrical equipment manufacturer in India?
1.BHEL
2.Havells India ltd
3.Kirloskar Electric co ltd
4.BEL
Which is the largest Uranium exporting country in the world?
1.Kazakhstan
2.Canada
3.Australia
4.France
Which of the following agricultural commodity of India gives largest in terms of export value?
1.Tea
2.Basmati Rice
3.spices
4.cotton
Which of the following claims about price-takers is untrue?
1.Monopolistic competitors and monopolists are among them.
2.They can raise their prices at any time and still retain some customers.
3.They have the option of setting different prices in the short and long term.
4.We don’t use supply and demand curve diagrams to analyze them
Which of the following indicates a Liquidity trap?
1.expansionary monetary policy does not encourage economic growth
2.open market operations results in decrease in interest rates
3.government prefers fiscal policies over monetary policies to regulate the money supply
4.government undergoes liquidation of the government holdings on larger-scale to reduce fiscal deficit
Which of the following individuals is not considered economically inactive?
1.People who are looking for work but don’t have one.
2.Caregivers in the family or at home.
3.Students who are unemployed.
4.Workers who are discouraged.
Which of the following is India’s first payments bank?
1.Jio Payments Bank Ltd
2.Paytm Payments Bank
3. India Post Payments Bank
4.Airtel Payments Bank
Which of the following is related to Microeconomics?
1.The size of national economy
2.Inflation
3.Unemployment
4.Behaviour of individual economic units
Which of the following is the correct order for irrigation methods adopted in India?
1.Tube wells> Canals> Wells> Tanks
2.Tube wells> Wells> Canals>Tanks
3.Canals> Tube wells> Wells> Tanks
4.Wells> Canals> Tube wells> Tanks
Which of the following statements about a profit-maximizing monopolistic competitor’s long-run equilibrium is false?
1.The company will simply break even.
2.The SMC and LMC curves will almost meet at the output level selected by the company.
3.At the firm’s chosen output, the SAC and LAC curves will just brush up against each other.
4.At the chosen output, the firm’s AR curve and SAC curve will just touch.
Which of the following statements about resource use is not one of economics’ key questions?
1.What are the methods for utilizing resources?
2.How are resources allocated?
3.What are the resources used for?
4.Who are the resources used for?
Which of the following trade barrier arguments could be beneficial to consumers?
1.To lessen the negative effects of declining industries.
2.To protect industries from competition from low-wage countries.
3.To protect industries from dumping.
4.In order to nurture young industries, they must be protected from cheaper imports.
Which of the following would not result in a reduction in the supply of a storable product?
1.A rise in demand for a collaborative product.
2.An increase in the cost of different inputs.
3.A reduction in the number of companies that supply the product.
4.An anticipated increase in the product’s price.
Which of the statements below is correct?
1.Microeconomics is primarily concerned with the overall economy.
2.Individual markets are the focus of macroeconomics.
3.Governments do not have any control over market prices.
4.When economists study a market’s price, their main goal is to figure out why the price is what it is and how it might change.
Which subject contributed the maximum to India’s research publication?
1.Physics
2.Engineering
3.Chemistry
4.None
Who owns the minerals found in the Exclusive economic zone of the Indian ocean?
1.State government
2.Central government
3.Both State and Central government
4.none of the above