Consider the following statements:
1. The demand for every good in the market has a direct relationship with increase or decrease in its price.
2. Price elasticity is a measure of the change in demand of product/service in response to changes in income of consumers.
Which of the statement(s) given above is/are correct?
More Questions Selected Just For You. Attempt Now!
To meet the requirements of the fiscal deficit, the Union government not only borrows directly from the public through debt instruments but also indirectly from commercial banks through:
Consider the following statements:
1. Reserve Bank of India allowed stock exchanges to start the T+1 Settlement system for completion of share transactions.
2. T+1 settlement system will help in reducing the number of outstanding unsettled trades at any instant.
3. A shortened cycle not only reduces settlement time but also frees up the capital required to collateralize that risk.
Which of the statement(s) given above is/are correct?
In context of the difference between ‘devaluation and depreciation’, consider the following statements:
1. Devaluation is the deliberate downward adjustment of a country's currency value, whereas depreciation is a fall in the value of a currency.
2. Devaluation is more relevant in a fixed or semi-fixed exchange rate, whereas depreciation is more relevant in a floating exchange rate.
3. Devaluation makes imports more expensive, and exports more competitive, whereas depreciation makes imports cheaper, and exports less competitive.
Which of the statements given above are correct?
In context of economic theory, a perfectly competitive market will have which of the following defining features?
1. The market consists of a large number of buyers and sellers.
2. Each firm can produce and sell all types of products.
3. Entry into the market as well as exit from the market are free for firms.
Select the correct answer using the code given below:
With reference to market economy, consider the following statements:
1. All economic activities are organised through the market.
2. In a market system, all goods or services come with a price.
3. Information about how much and what to produce is provided by the government.
Select the correct answer using the code given below:
Consider the following statements:
1. The demand for every good in the market has a direct relationship with increase or decrease in its price.
2. Price elasticity is a measure of the change in demand of product/service in response to changes in income of consumers.
Which of the statement(s) given above is/are correct?
Consider the following statements:
1. Gross Domestic Product (GDP) at factor cost is gross domestic product at market prices, less net product taxes.
2. Gross Domestic Product (GDP) at factor cost measures final value of output produced by the firms within the domestic boundaries of a country in a year.
Which of the statements given above is/are correct?
With reference to Indian Economy, which among the following is/are classified as foreign investment:
1. Investment made by Multinational Corporations (MNCs).
2. FDI under government route.
3. External Commercial Borrowings.
4. Foreign investor investing in an Indian small scale industrial unit.
Select the correct answer using the code given below:
Which among the following are the effects of Globalisation?
1.
Consider the following statements:
1. In microeconomics, we study the behaviour of individual economic agents in the markets for different goods and services.
2. In macroeconomics, focus is on the overall performance of the economy.
Which of the statement(s) given above is/are NOT correct?