Indian Economy Questions

• Irfaan loves black coffee. A roadside stall selling a cup of black coffee at Rs. 120, offered 25% discount to Irfaan. If Irfaan was willing to pay even Rs. 200 for this cup of black coffee, Irfaan's consumer surplus is
• Which among the following does not count in the development expenditure of government?
• If a country devalues its currency, its _______________
• Sectoral distribution of GDP index measures_________
• If hiring an extra worker increases a factory's output from 1000 to 1200 units per day, but the factory has to reduce the price of its product from Rs. 25 to Rs. 24 per unit to sell the additional output, the marginal revenue product of the last worker is
• Which law states that bad money drives good money out of circulation?
• Which of the following is a tertiary activity?
• If price of an article decreases from Rs. 25 to Rs. 20, quantity demanded increases from Q1 units to 1500 units. If point elasticity of demand is -1.25, find Q1?
• In 2015 the nominal rate of interest in country was 6%, and the inflation rate then was 1.5%. So real rate of interest in 2015 was
• The goods which people consume more, when their price rises are called _______.
• What situation would result if Government expenditure exceeds the Government revenue on Current Account?
• Disguised unemployment in India is mainly related to
• The GST (Goods and Services Tax), recently passed by Government will be levied on which of the following products?
• A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be
• If cash reserve ratio decreases, credit creation will _______.
• If one more baker is hired the output of a bakery will increase from 1250 breads to 1400 breads per day, but then the bakery will have to reduce the price of the bread from Rs 15 to Rs 14 per unit to sell the additional output, the marginal revenue product of the last baker is _______.
• If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.
• 7 workers work in a printing press. Each gets paid Rs 450 per day. The 8th worker demands Rs 500 per day. If this worker is hired then all other workers must be paid Rs 500. The marginal resource (labour) cost of the 8th worker is _______.
• An increase of 1% per annum in the rate of growth of the money supply will increase inflation in the long run by _______.
• If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?