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) Securities Roll-back Operators
(b) Self Regulatory Organisations
(c) Small Revenue Operators
(d) Securities Regulatory Organisations
The correct answers to the above question in:
Answer: (b)
A self-regulatory organization (SRO) is a non-governmental organization that has the power to create and enforce industry regulations and standards.
The priority is to protect investors through the establishment of rules that promote ethics and equality.
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
What is meant by price discrimination?
a) A situation where the same product is sold to different consumers for different prices
b) Subsidization of a product by the Government to sell it at a lower price
c) Increase in price of a commodity over time
d) General decrease in price of a commodity over time
Answer »Answer: (a)
When different consumers pay different prices for the same product, this situation is known as price discrimination.
Question : 2
Which one of the following is the act of stimulating the economy by increasing the money supply or by reducing taxes ?
a) Inertial inflation
b) Disinflation
c) Reflation
d) Inflation hedge
Answer »Answer: (c)
Reflation is the act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy (specifically price level) back up to the long-term trend, following a dip in the business cycle.
Disinflation: Reduction in the rate of inflation.
Inflation Hedge: It is an investment with intrinsic value such as Oil, Natural Gas, Gold, farmland and to a lesser degree commercial real state.
Question : 3
Which of the following would cause the aggregate demand curve to shift to the right?
a) an increase in real interest rates
b) an appreciation of the American dollar
c) an increase in purchases by the federal government
d) a decrease in the money supply
Answer »Answer: (c)
An increase in purchase by the federal Gov. causes the aggregate demand curve to shift to the right.
Question : 4
In India, in the overall Index of Industrial Production, the indices of eight core industries have a combined weight of 37-90%. Which of the following are among those eight core industries?
- Cement
- Fertilisers
- Natural gas
- Refinery products
- Textiles
a) Only 1, 2, 3 and 4
b) 1, 2, 3, 4 and 5
c) Only 1 and 5
d) Only 2, 3 and 4
Answer »Answer: (a)
Question : 5
A rapid increase in the rate of inflation is sometimes attributed to the ‘base effect’. What ‘base effect’?
a) It is the impact of the price levels of previous year on the calculation of inflation rate
b) None of the statements (A), (B) and (C) given above is correct in this content
c) It is the impact of drastic deficiency in supply due to failure of crops
d) It is the impact of the surge in demand due to rapid economic growth
Answer »Answer: (a)
Question : 6
Which of the following is not a ‘Public Good’?
a) National Defence
b) Light House
c) Electricity
d) Public Parks
Answer »Answer: (c)
Electricity is not public good but it is club good including roads, bridges, gas, sewage, wires, telecom.
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
New 150+ Percentage Questions For IBPS Clerk Prelims 2024
Free Top Percentage Quants Aptitude based Multiple Choice Questions and Answers Practice Test Series, Quiz PDF & Mock Test for IBPS Clerk Prelims 2024 Exam
Continue Reading »
Classification Reasoning MCQ For IBPS Clerk Prelims 2024
Most Important 100+ Classification based Verbal Reasoning Ability Multiple choice questions and answers PDF, Free New Mock tests For IBPS Clerk Prelims 2024
Continue Reading »
Ratio and Proportion Questions with Solutions, IBPS Clerk
New Ratio and Proportion Quants Aptitude based Multiple Choice Questions and Answers Practice Test Series, Quiz & Mock Test for IBPS Clerk Prelims 2024 Exam
Continue Reading »
Top Analogy Reasoning Ability For IBPS Clerk Prelims 2024
Most Important Analogy based Verbal Reasoning Multiple choice questions and answers practice quiz series PDF, Free New Mock tests For IBPS Clerk Prelims 2024
Continue Reading »