21. Q. Marginal utility, which a customer derives from a good, is
A. The change in his total utility as a result of adding one unit to his stock of a good.
22. Q. The "Marginal Productivity Theory of Wages" states that
A. The demand for labour is determined by the marginal physical product of labour multiplied by its marginal revenue.
23. Q. Which bank was merged with Oriental Bank of Commerce on RBI's directions?
A. Global Trust Bank
24. Q. The difference between the monetary policy and the fiscal policy is
A. Fiscal policy tries to control aggregate demand through budgetary means whereas monetary policy controls the same through the quantity of money and the rate of interest.
25. Q. The major field research of the Nobel laureate, Amartya Sen, is
A. Welfare Economics
26. Q. "Smart Money" is a term used for
A. Credit Card
27. Q. What is "Dumping"?
A. It is the sale of the products and services by foreign nations and firms at very low prices so that they could find firm markets in India.
28. Q. The Five Year Plans, in the context of Indian economy, have
A. Worked but the benefits have not reached the masses.
29. Q. India has her only OTCEI in
A. Mumbai
30. Q. WTO is dedicated to
A. Removal of all the trade protection procedures by all the member nations.
31. Q. The basic object of SIDBI is to
A. Grant loans to agricultural farmers for export of their commodities.
32. Q. The major function of the Food Corporation of India is:
A. To Check the fluctuation in food grain price by controlling supply
33. Q. The major task of CRISIL is to
A. Give credit rating to the firms that want to collect funds from the stock markets through shares and debentures.
34. Q. During the bullish market trends,
A. The prices off shares go up
35. Q. NNP (Net National Product) or National Income is the money value of
A. Final goods and services produced annually in the economy
36. Q. Marginal Revenue would be negative if the elasticity of demand is
A. Inelastic
37. Q. According to JM Keynes, the relationship of National Income(Y), Investment (I) and Consumption (C) is as follows:
A. Y = C + I
38. Q. What is Annuity Payments?
Ans. Annuity : A fixed amount paid once a year or at interval of a stipulated period.
39. Q. What is Arbitration?
Ans. Arbitration : A method for solving disputes, generally of an industrial nature, between the employer and his employees.
40. Q. What is Balance of Trade?
Ans. Balance of Trade(or Payment) : The differance between the visible exports and visible imports of two countries in trade with each other is called balance of payment.If the difference is positive the balance of payment(BOP)is called favourable and if negative it is called unfavourable.
No comments:
Post a Comment