Q. Perfectly inelastic demand of a commodity means -
1) the cost of a commodity changes but the demand remains unchanged
2) the price of the commodity does not change with the change in its demand
3) the demand of a commodity does not change with the change in its price
4) the demand of some other commodity changes with the change in the price of one commodity.
Q. Where is the Head Office of the State Bank Of India?
1) Mumbai
2) Delhi
3) Kolkata
4) Chennai
Q. When prices of goods increase, the purchasing power of money -
1) Fluctuates
2) decreases
3) increases
4) remains constant
Q. Which is not true about carbon border tax?
1) A carbon border tax is a duty on imports based on the amount of carbon emissions resulting from the production of the product in question. As a price on carbon, it discourages emissions. A carbon border tax is arguably an improvement from a national carbon tax.
2) It was introduced in conference of biodiversity in 2022
3) The proposal is part of the European Commission's Euro-pean Green Deal that endeavours to make Europe the first climate-neutral continent by 2050
4) A national carbon tax is a fee that a government imposes on any company within the country that burns fossil fuels
Q. The Indian Rupee was made fully convertible on the current account in -
1) 1991
2) 1993
3) 1994
4) 2004
Q. In case of elastic demand, an increase in price will -
1) lead to increase in total revenue
2) lead to decrease in total revenue
3) have no effect on total revenue
4) None of the above
Q. Which of the following is not a capital outflow?
1) Receipt of loans from abroad
2) Payment of loans
3) Purchase of shares in foreing countries
4) Purchase of shares in foreing companies
Q. What has to be subtracted from gross investment to obtain net investment?
1) Direct taxes
2) Indirect taxes
3) Profits
4) Deprecation
Q. An indirect instrument of monetary policy is -
1) Statutory Liquidity Ratio
2) Cash Reserve Ratio
3) Bank Rate
4) Open market operations
Q. One of the following is not a component of foreign exchange reserves in India -
1) The gold stock of RBI
2) Foreign exchange assets of RBI
3) SDR holdings of government
4) Foreing exchange assets of Government
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