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Business and Economics - General Knowledge Questions
A)
Zero
B)
Positive
C)
Negative
D)
None of the above

Correct Answer : Option (A) - Zero

A)
In inferior goods, the income and substitution effects are positive
B)
In interior goods, the income and substitution effects are negative
C)
In case of inferior good, the income effect is negative, although the substitution effect is positive
D)
In case of inferior goods, the income effect is positive although the substitution effect is negative

Correct Answer : Option (C) - In case of inferior good, the income effect is negative, although the substitution effect is positive

A)
There are unexplainable imperfections in the market
B)
Product variation, ignorance of consumers and distance and transport costs lead to imperfections in the competitive market which operates on certain assumptions
C)
There is imperfect rivalry among competitors
D)
Competition does not exist

Correct Answer : Option (B) - Product variation, ignorance of consumers and distance and transport costs lead to imperfections in the competitive market which operates on certain assumptions

A)
Perfect mobility of factors of production
B)
No government regulation
C)
Product homogeneity
D)
All of the above

Correct Answer : Option (D) - All of the above

A)
V. P. Singh
B)
P. Chidambaram
C)
Dr. Manmohan Singh
D)
Yashwant Sinha

Correct Answer : Option (A) - V. P. Singh

A)
Rs. 1,00,000
B)
Rs. 1,50,000
C)
Rs. 2,25,000
D)
Rs. 2,50,000

Correct Answer : Option (B) - Rs. 1,50,000

A)
USA
B)
UAE
C)
USSR
D)
UK

Correct Answer : Option (C) - USSR

A)
Cash Reserve Ratio
B)
Reverse Repo Rate
C)
Repo Rate
D)
All of the above

Correct Answer : Option (A) - Cash Reserve Ratio

A)
Efficiency and Productivity
B)
Banking reform process
C)
Export of IT sector
D)
Fiscal Reform process

Correct Answer : Option (B) - Banking reform process

A)
It is a scheme for mentoring first generation entrepreneurs
B)
It is a scheme for the vulnerable section of the socity
C)
It is a scheme for monitoring rural poor
D)
It is a scheme for crop protection

Correct Answer : Option (A) - It is a scheme for mentoring first generation entrepreneurs