Indian Economy Questions

• Which one is not the main objective of fiscal policy in India?
• Which one of the following is not an instrument of Fiscal policy?
• In which of the following market forms, a firm does not exercise control over price?
• The main effect of Direct Taxes is on
• The term 'Dumping' refers to
• Bilateral monopoly situation is
• Lorenz curve shows
• ‘Capital gains’ refers to goods which
• The ________ balance is the sum of the balance of merchandise trade, services and net transfers received from the rest of the world.
• The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.
• The demand for a normal good decreases with ________ in the consumer's income.
• Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost.
• __________ resources are those resources whose quantity is known.
• The _________ balance is equal to capital flows from the rest of the world, minus capital flows to the rest of the world.
• If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.
• If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero.
• The average variable cost curve is ____ shaped.
• 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.
• In a centrally planned economy, the ____________ plans all the important activities in the economy.