Economics miscellaneous questions
Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes? [Punjab & Sindh Bank 2011]
Indian Railways revenue from:
Which of the following costs is related to marginal cost?
Question 93 Explanation:
A variable cost is a corporate expense that varies with production output. Variable costs are those costs that vary depending on a company's production volume; they rise as production increases and fall as production decreases. This costs is related to marginal cost.
A firm sells new shares worth Rs. 1000 directly to individuals. This transaction will cause.
Gross National product to rise by Rs. 1000
Gross Domestic Product to rise by Rs. 1000
National Income to rise by Rs. 1000
No impact on Gross National Product
Question 94 Explanation:
There is no impact on Gross National Product.
The main function of the Exim Bank is:
to prevent unlicensed transaction
to help RBI in the regulation of foreign exchange
to promote exports and curtail imports
to conserve foreign exchange
India's biggest nationalized enterprise today
the Indian Railways
the Indian Commercial Banking System
the Indian Power Sector
the Indian Tele communication System
Question 96 Explanation:
Today, the Indian Railways India's biggest nationalized enterprise.
Poverty in less developed countries is largely due to [CPO SI 2010]
lack of cultural activities
lack of intelligence of the people
Operating Surplus arises in the
Production for self-consumption
Question 98 Explanation:
Operating Surplus arises in the government sector mostly.
In a Laissez-faire economy
the customers take all the decisions regarding production of all the commodities
the Government does not interfere in the free functioning of demand and supply forces in the market
the private-sector takes all the decisions for price-determination of various commodities produced
the Government controls the allocation of all the factors of production
Question 99 Explanation:
Laissez faire is the belief that economies and businesses function best when there is no interference by the government. It comes from the French, meaning to leave alone or to allow to do. It is one of the guiding principles of capitalism and a free market economy.
The largest importer country of Indian textile is:
There are 100 questions to complete.