| 2801 |
If demand for a good increases while supply is unchanged, the equilibrium: |
Economics/Business Economics
Market equilibrium |
Easy |
| 2802 |
Market demand is qd = 200 − p and market supply is qs = 120 + p. Find the equilibrium price and quantity. |
Economics/Business Economics
Market equilibrium |
Medium |
| 2803 |
Demand and supply of a good both increase by the same amount. The equilibrium: |
Economics/Business Economics
Market equilibrium |
Medium |
| 2804 |
In a perfectly competitive industry with free entry and exit, identical firms have minimum AC of ₹10. If mark… |
Economics/Business Economics
Market equilibrium |
Hard |
| 2805 |
A price ceiling is: |
Economics/Business Economics
Price ceiling and price floor |
Easy |
| 2806 |
The minimum support price announced for wheat is an example of: |
Economics/Business Economics
Price ceiling and price floor |
Easy |
| 2807 |
Demand is qd = 100 − 2p and supply is qs = 20 + 2p. If the government fixes a ceiling price of ₹15, what is t… |
Economics/Business Economics
Price ceiling and price floor |
Medium |
| 2808 |
A likely result of a binding price ceiling on an essential good is: |
Economics/Business Economics
Price ceiling and price floor |
Medium |
| 2809 |
The government fixes a minimum wage above the equilibrium wage in a competitive labour market. The direct res… |
Economics/Business Economics
Price ceiling and price floor |
Hard |
| 2810 |
Which of the following is a stock variable? |
Economics/Business Economics
Basic concepts of macroeconomics |
Easy |
| 2811 |
Wheat bought by a flour mill to grind into flour is best classified as: |
Economics/Business Economics
Basic concepts of macroeconomics |
Easy |
| 2812 |
Gross investment in an economy is ₹500 crore and depreciation is ₹80 crore. What is net investment? |
Economics/Business Economics
Basic concepts of macroeconomics |
Medium |
| 2813 |
Why is a machine bought by a textile firm treated as a final good and not as an intermediate good? |
Economics/Business Economics
Basic concepts of macroeconomics |
Medium |
| 2814 |
An economy's capital stock was ₹1,000 crore at the start of a year. During the year, gross investment was ₹15… |
Economics/Business Economics
Basic concepts of macroeconomics |
Hard |
| 2815 |
In the two-sector circular flow, which flow moves from households to firms? |
Economics/Business Economics
Circular flow of income |
Easy |
| 2816 |
Which of the following is an injection into the circular flow of income? |
Economics/Business Economics
Circular flow of income |
Easy |
| 2817 |
In the circular flow, the money flow and the real flow: |
Economics/Business Economics
Circular flow of income |
Medium |
| 2818 |
Why are production, income and expenditure equal in a simple two-sector economy with no saving? |
Economics/Business Economics
Circular flow of income |
Medium |
| 2819 |
In a two-sector economy, households save part of their income but planned investment by firms is less than th… |
Economics/Business Economics
Circular flow of income |
Hard |
| 2820 |
Which of the following is included when estimating national income? |
Economics/Business Economics
Methods of calculating national income |
Easy |
| 2821 |
The problem of double counting is avoided by: |
Economics/Business Economics
Methods of calculating national income |
Easy |
| 2822 |
A farmer grows wheat worth ₹100 using no purchased inputs and sells it to a miller. The miller sells flour fo… |
Economics/Business Economics
Methods of calculating national income |
Medium |
| 2823 |
In the same chain of farmer, miller and baker, what is the contribution of these three producers to GDP? |
Economics/Business Economics
Methods of calculating national income |
Medium |
| 2824 |
A used car dealer buys a second-hand car for ₹3 lakh and sells it for ₹3.2 lakh in the same year. How much do… |
Economics/Business Economics
Methods of calculating national income |
Hard |
| 2825 |
National income in India refers to: |
Economics/Business Economics
National income aggregates |
Easy |
| 2826 |
Net indirect taxes are equal to: |
Economics/Business Economics
National income aggregates |
Easy |
| 2827 |
GDP at market price is ₹1,000 crore, depreciation is ₹100 crore, net factor income from abroad is −₹20 crore … |
Economics/Business Economics
National income aggregates |
Medium |
| 2828 |
Nominal GDP of a year is ₹2,400 crore and the GDP deflator is 120. What is real GDP? |
Economics/Business Economics
National income aggregates |
Medium |
| 2829 |
For a country, GNP is less than GDP. What can be concluded? |
Economics/Business Economics
National income aggregates |
Hard |
| 2830 |
Pollution caused by a factory that harms nearby residents, without any compensation, is an example of: |
Economics/Business Economics
GDP and welfare |
Easy |
| 2831 |
Why does GDP underestimate economic activity in an economy where many households grow food for themselves and… |
Economics/Business Economics
GDP and welfare |
Easy |
| 2832 |
Real GDP of a country rose by 6%, but almost all the extra income went to the richest 1% of people. Which lim… |
Economics/Business Economics
GDP and welfare |
Medium |
| 2833 |
Which situation would raise GDP but may well reduce welfare? |
Economics/Business Economics
GDP and welfare |
Medium |
| 2834 |
Country X has a higher GDP than country Y but a much larger population. Which measure would be a better first… |
Economics/Business Economics
GDP and welfare |
Hard |
| 2835 |
The main difficulty of barter that money removes is the need for: |
Economics/Business Economics
Money |
Easy |
| 2836 |
A shop lists the price of a shirt as ₹600 and of a pair of shoes as ₹1,200. Which function of money is shown … |
Economics/Business Economics
Money |
Easy |
| 2837 |
Why is a cheque NOT considered legal tender? |
Economics/Business Economics
Money |
Medium |
| 2838 |
A family keeps part of its savings as cash at home to use for a wedding next year. This mainly uses money as … |
Economics/Business Economics
Money |
Medium |
| 2839 |
Which statement best explains why modern paper currency is accepted even though the paper itself is nearly wo… |
Economics/Business Economics
Money |
Hard |
| 2840 |
Money supply in an economy is a: |
Economics/Business Economics
Supply and creation of money |
Easy |
| 2841 |
M1 consists of: |
Economics/Business Economics
Supply and creation of money |
Easy |
| 2842 |
If banks must keep 20% of deposits as reserves, what is the money multiplier? |
Economics/Business Economics
Supply and creation of money |
Medium |
| 2843 |
A new deposit of ₹200 crore enters the banking system and the reserve ratio is 10%. What is the maximum total… |
Economics/Business Economics
Supply and creation of money |
Medium |
| 2844 |
If the reserve ratio is raised from 10% to 20%, what happens to the maximum deposits that can be created from… |
Economics/Business Economics
Supply and creation of money |
Hard |
| 2845 |
The rate at which the RBI lends short-term funds to commercial banks is called the: |
Economics/Business Economics
Central bank |
Easy |
| 2846 |
When a commercial bank in difficulty gets emergency funds from the RBI, the RBI is acting as: |
Economics/Business Economics
Central bank |
Easy |
| 2847 |
To control inflation, the RBI is most likely to: |
Economics/Business Economics
Central bank |
Medium |
| 2848 |
How does a cut in the cash reserve ratio affect bank credit? |
Economics/Business Economics
Central bank |
Medium |
| 2849 |
The economy is in a recession with falling demand and output. Which combination of RBI steps is consistent wi… |
Economics/Business Economics
Central bank |
Hard |
| 2850 |
If MPC is 0.75, what is MPS? |
Economics/Business Economics
Aggregate demand and its components |
Easy |