Indian Economy Questions

• Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.
• "Forests" is listed in the __________ list given in the Seventh Schedule in the Constitution of India.
• Match the characteristics with their market structure: (a) Firm has control over quantity of output but it must take into account reactions of competitors. b) Firm will tend to set output so that it earns maximum profits.
• The short run average cost curve is ____ shaped.
• In December 2017, Mid-Term Review of the Foreign Trade Policy (FTP) was released. The review announced how much percent increase each in incentive rates of Merchandise Exports from India Scheme and Services Export from India Scheme?
• Market imperfections of a country are reflected in___________.
• SEBI is ___________.
• What was the Gross Domestic Product (GDP) for India in 2016-17 Financial Year?
• If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.
• The short run marginal cost curve is ____ shaped.
• "Betting and gambling" is listed in the __________ list given in the Seventh Schedule in the Constitution of India.
• When the productive capacity of the economic system of state is inadequate to create sufficient number of jobs, it is called _______
• In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18?
• The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?
• If demand curve for roller skates is D = 23000 - 19P and supply curve is S = 18000 + 6P, find the equilibrium Price?
• Match the characteristics with their market structure: (a) Expand out put until MC = MR (b) Elasticity of demand depends on pricing policies of rivals
• Stagflation is a period of _______.
• If price of an article decreases from Rs P1 to Rs 190, when quantity demanded increases from 5000 units to 5200 units, and if point elasticity of demand is -0.8 find P1?
• A beedi making workshop can hire 5 women by paying them Rs. 300 per day. The 6th woman demands Rs. 350 per day. If this woman is hired then all other women must be paid Rs. 350. The marginal resource (labour) cost of the 6th woman is
• Stagflation is defined as