demand & supply, profit loss, inflation & price index section 1 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 3 EXERCISES
The following question based on Demand & Supply, Profit Loss, Inflation & Price Index topic of indian economy mcq
(a) output levels are above equilibrium
(b) there is general equilibrium
(c) output levels are below equilibrium
(d) consumption is less than output
The correct answers to the above question in:
Answer: (b)
General equilibrium involving both production and consumption also ensures the achievement of Pareto efficiency.
Pareto efficiency in this regard requires that the marginal rate of transformation should be equal to the marginal rate of substitution of the individuals.
Practice Demand & Supply, Profit Loss, Inflation & Price Index (demand & supply, profit loss, inflation & price index section 1) Online Quiz
Discuss Form
Read more demand supply profit loss inflation price index Based Indian Economy Questions and Answers
Question : 1
Who among the following has suggested migration to accrual accounting system from cash based accounting system in India?
a) D.N. Ghosh
b) R.H. Patil
c) C. Rangarajan
d) I.V. Reddy
Answer »Answer: (c)
Question : 2
Which one of the following terms is used in Economics to denote a technique for avoiding risk by making a counteracting transaction?
a) Hedging
b) Discounting
c) Deflating
d) Dumping
Answer »Answer: (a)
Hedging is used in limiting or offsetting the probability of loss from fluctuations in the prices of commodities, currencies or securities.
Question : 3
Inflation is caused by
a) Decrease in money supply
b) Increase in supply of goods
c) Increase in cash with the government
d) Increase in money supply
Answer »Answer: (d)
Inflation is increased in the prices of commodities. It is caused due to decrease in supply and an increase in demand for commodities.
So when the money supply in the economy increases it means people have more purchasing capacity and thus demand increases which result in inflation. Some factors affecting inflationary pressure.
GET Demand & Supply, Profit Loss, Inflation & Price Index PRACTICE TEST EXERCISES
demand & supply, profit loss, inflation & price index section 1
demand & supply, profit loss, inflation & price index section 2
demand & supply, profit loss, inflation & price index section 3
Demand & Supply, Profit Loss, Inflation & Price Index Shortcuts and Techniques with Examples
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
Recently Added Subject & Categories For All Competitive Exams
SSC STENO 2024: Free Reading Comprehension MCQ Test PDF
Top Reading Comprehension English Section-wise multiple choice questions and answers, Full Mock Test Series & Online Quiz for SSC Steno Grade C & D 2024 Exam
Continue Reading »
Free Percentage Questions Answers for SSC STENO 2024 Exam
Important Top Percentage Aptitude-based multiple choice questions and answers practice quiz series, Online Mock Test PDF for SSC Steno Grade C & D 2024 Exam
Continue Reading »
Free Antonyms (English) MCQ Test for SSC STENO 2024 Exam
Top Antonyms General English Section-based multiple choice questions and answers, Free Full Test Series & Online Quiz PDF for SSC Steno Grade C & D 2024 Exam
Continue Reading »
Free Ratio & Proportion MCQ Test for SSC STENO 2024 Exam
Top Ratio and Proportion Aptitude-based multiple choice questions and answers practice test series, Online MCQ Quiz PDF for SSC Steno (Grade C & D) 2024 Exam
Continue Reading »