Question: RBI was nationalized in A. June 1947 B. Jan. 1949 C. March 1954 D. April 1936 Answer» b. Jan. 1949 Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: GDP is defined as A. The market value of all goods and services produced in the domestic economy during the year B. Current value of all the capital goods produced in the country. C. Sum of goods and services…

Question: In an open economy A. GDP=GNP B. GDP>GNP C. GDP<GNP D. All the three are possible Answer» d. All the three are possible Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: If the cost of production of a cake in bakery is `20 per cake which is ultimately sold to the customer after packing and transporting to the retail shops at `25 per cake. The value added is A. `5…

Question: Which of these is/are not included in net domestic product at factor cost. A. Wages or compensation of employees B. Rent, interest, profits or operating surplus C. Mixed income D. None Answer» d. None Note: The above multiple-choice question…

Question: In a mixed economy which sector(s) is/ are found A. Private Only B. Public sector only C. None D. Both a and b Answer» d. Both a and b Note: The above multiple-choice question is for all general and…

Question: Micro economics theory deals with A. Economic behavior of individual economic decision making units B. Economy as a whole C. Trade relations D. Economic growth of the society Answer» a. Economic behavior of individual economic decision making units Note:…

Question: Under perfect market conditions a firm is said to be in equilibrium where A. Total output is equal to total demand B. Profit is the maximum C. Where the total revenue is maximum D. Where total average cost is…

Question: Which of these is an economic activity A. A father teaching his son at home instead of sending to any coaching centre B. A hair dresser doing hair cut designing on payment C. A housewife mending her family cloths…

Question: A monopoly firm makes more profit because A. It has ability to choose among price and output combination B. It can discriminate price C. It leave the consumer with no consumer surplus D. it acts as a market leader…