Identify the one which is not related to the Agricultural Price Policy. (1) Buffer stock (2) Imports (3) Support price (4) Licensing

Identify the one which is not related to the Agricultural Price Policy. (1) Buffer stock (2) Imports (3) Support price (4) Licensing
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(4) Licensing Explanation: Licensing is a marketing and brand extension tool that is widely used by everyone from major corporations to the smallest of small business. A license may be issued by authorities, to allow an activity that would otherwise be forbidden.
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Identify the one which is not related to the Agricultural Price Policy. (1) Buffer stock (2) Imports (3) Support price (4) Licensing

Description : Identify the one which is not related to the Agricultural Price Policy. (1) Buffer stock (2) Imports (3) Support price (4) Licensing

Last Answer : Licensing

Main purpose of buffer stock is : (a) to save food grains from pest attack (b) to stop price fluctuations (c) to meet the crisis of low production (d) both (b) and (c)

Description : Main purpose of buffer stock is : (a) to save food grains from pest attack (b) to stop price fluctuations (c) to meet the crisis of low production (d) both (b) and (c)

Last Answer : (d) both (b) and (c)

"Closed Economy" means : (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Description : "Closed Economy" means : (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Last Answer : (4) a country having no imports and exports Explanation: Closed economy is an economy in which no activity is conducted with outside economies. A closed economy is self-sufficient, meaning that no ... The goal is to provide consumers with everything that they need from within the economy's borders.

“Closed Economy” means: (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Description : “Closed Economy” means: (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Last Answer :  a country having no imports and exports

What type of products, does CACP recommend minimum support price for? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above

Description : What type of products, does CACP recommend minimum support price for? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above

Last Answer : (2) Agricultural products Explanation: The Agricultural Prices Commission was set up in January. 1965 to advise the Government on price policy of major agricultural commodities. Since March 1985, the ... are fixed by the government. each year, after taking into account the recommendations of CACP.

Who determines the minimum support price in India? a) The Commission for Agricultural Costs and Prices b) The Agriculture Ministryc) The Finance Commissiond) NABARD

Description : Who determines the minimum support price in India? a) The Commission for Agricultural Costs and Prices b) The Agriculture Ministry c) The Finance Commission d) NABARD

Last Answer : a) The Commission for Agricultural Costs and Prices

The agricultural price support program is an example of a. a price ceiling b. a price floor c. equilibrium pricing

Description : The agricultural price support program is an example of a. a price ceiling b. a price floor c. equilibrium pricing

Last Answer : b. a price floor

What type of products, does CACP recommend minimum support price for ? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above

Description : What type of products, does CACP recommend minimum support price for ? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above

Last Answer : Agricultural products 

Buffer stock operations are conducted by - (1) Warehousing Corporation of India (2) State Trading Corporation of India (3) Food Corporation of India (4) Ministry of Agriculture

Description : Buffer stock operations are conducted by - (1) Warehousing Corporation of India (2) State Trading Corporation of India (3) Food Corporation of India (4) Ministry of Agriculture

Last Answer : (3) Food Corporation of India

The food stocks that are built up during the years of bumper harvest are called : (1) Capital stock (2) Buffer stock (3) Production stock (4) Grain stock

Description : The food stocks that are built up during the years of bumper harvest are called : (1) Capital stock (2) Buffer stock (3) Production stock (4) Grain stock

Last Answer : (2) Buffer stock Explanation: Commercial grain stock is the current amount of harvested grain crops stored domestically, including both on-farni and offfarm storage sites. Buffer stocks are ... security during the periods when production is short of normal demand during bad agricultural years.

Buffer stock is the stock of foodgrains procured by the government through: a. IFCI b. FCI c. IDBI d. FICCI

Description : Buffer stock is the stock of foodgrains procured by the government through: a. IFCI b. FCI c. IDBI d. FICCI

Last Answer : b. FCI

Buffer stock is the stock of foodgrains procured by the government through (a) IFCI (b) FCI (c) IDBI (d) FICCI

Description : Buffer stock is the stock of foodgrains procured by the government through (a) IFCI (b) FCI (c) IDBI (d) FICCI

Last Answer : (b) FCI

Buffer stock operations are conducted by (1) Warehousing Corporation of India (2) State Trading Corporation of India (3) Food Corporation of India (4) Ministry of Agriculture

Description : Buffer stock operations are conducted by (1) Warehousing Corporation of India (2) State Trading Corporation of India (3) Food Corporation of India (4) Ministry of Agriculture 

Last Answer : Food Corporation of India

The food stocks that are built up during the years of bumper harvest are called : (1) Capital stock (2) Buffer stock (3) Production stock (4) Grain stock

Description : The food stocks that are built up during the years of bumper harvest are called : (1) Capital stock (2) Buffer stock (3) Production stock (4) Grain stock

Last Answer : Buffer stock

Specific tariffs are collected as (a) Fixed amount of money per unit traded (b) A percentage of the price of the product © A percentage on the quantity of imports (d) All of the above.

Description : Specific tariffs are collected as (a) Fixed amount of money per unit traded (b) A percentage of the price of the product © A percentage on the quantity of imports (d) All of the above.

Last Answer : (a) Fixed amount of money per unit traded

When tariff is imposed on imports which of the following will increase? (a) Domestic output. (b) Domestic demand. © Domestic price. (d) Domestic consumption.

Description : When tariff is imposed on imports which of the following will increase? (a) Domestic output. (b) Domestic demand. © Domestic price. (d) Domestic consumption.

Last Answer : © Domestic price.

What is the full form of the MSP? a. Minimum Stock Price b. Minimum Statutory Price c. Maximum Stipulated Price d. Minimum Support Price

Description : What is the full form of the MSP? a. Minimum Stock Price b. Minimum Statutory Price c. Maximum Stipulated Price d. Minimum Support Price

Last Answer : d. Minimum Support Price

The Cash Reserve Ratio is a tool of : (1) Monetary policy (2) Tax policy (3) Agricultural policy (4) Fiscal policy

Description : The Cash Reserve Ratio is a tool of : (1) Monetary policy (2) Tax policy (3) Agricultural policy (4) Fiscal policy

Last Answer : (1) Monetary policy Explanation: Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as ... CRR is a crucial monetary policy tool and is used for controlling money supply in an economy.

The Cash Reserve Ratio is a tool of : (1) Monetary policy (2) Tax policy (3) Agricultural policy (4) Fiscal policy

Description : The Cash Reserve Ratio is a tool of : (1) Monetary policy (2) Tax policy (3) Agricultural policy (4) Fiscal policy 

Last Answer : Monetary policy

Identify the crop on the basis of the following characteristics - 1. It is a kharif crop. 2. Aus, Aman and Boro are its three different growing periods in an agricultural yea 3. About one-fourth of the total cropped area of India is under its cultivation.Select the correct answer using the code given below -a. Wheatb. Ricec. Cottond. Pulses

Description : Identify the crop on the basis of the following characteristics - 1. It is a kharif crop. 2. Aus, Aman and Boro are its three different growing periods in an agricultural yea 3. About one-fourth of the ... . Select the correct answer using the code given below - a. Wheat b. Rice c. Cotton d. Pulses

Last Answer : b. Rice

In the context of the stock market, IPO stands for - (1) Immediate Payment Order (2) Internal Policy Obligation (3) Initial Public Offer (4) International Payment Obligation

Description : In the context of the stock market, IPO stands for - (1) Immediate Payment Order (2) Internal Policy Obligation (3) Initial Public Offer (4) International Payment Obligation

Last Answer : (3) Initial Public Offer Explanation: An initial public offering (IPO) or stock market launch is a type of public offering where shares of stock in a company are sold to the general ... traded enterprises. A company selling shares is never required to repay the capital to its public investors.

In the context of the stock market, IPO stands for (1) Immediate Payment Order (2) Internal Policy Obligation (3) Initial Public Offer (4) International Payment Obligation

Description : In the context of the stock market, IPO stands for (1) Immediate Payment Order (2) Internal Policy Obligation (3) Initial Public Offer (4) International Payment Obligation

Last Answer : Initial Public Offer

Factors responsible for creating conditions for emergence and growth of monopoly are A.Control over strategic raw materials B.Patents C.Licensing D.All of the above

Description : Factors responsible for creating conditions for emergence and growth of monopoly are A.Control over strategic raw materials B.Patents C.Licensing D.All of the above

Last Answer : D.All of the above Answer Report Dis

Which is true for existing Economic and Industrial policies of Indian Government ? (i) FERA was abolished (ii) MRTP was abolished (iii) Cash compensatory support for export was abolished (iv) Industrial Licensing (except a few goods) was abolished A. (i), (ii), (iii) and (iv) B. (i), (iii) and (iv) C. Only (iii) and (iv) D. Only (ii) and (iii)

Description : Which is true for existing Economic and Industrial policies of Indian Government ? (i) FERA was abolished (ii) MRTP was abolished (iii) Cash compensatory support for export was abolished (iv) Industrial Licensing (except a few ... (iii) and (iv) C. Only (iii) and (iv) D. Only (ii) and (iii)

Last Answer : C. Only (iii) and (iv)

The major aim of devaluation is to - (1) encourage imports (2) encourage exports (3) encourage both exports and imports (4) discourage both exports and imports

Description : The major aim of devaluation is to - (1) encourage imports (2) encourage exports (3) encourage both exports and imports (4) discourage both exports and imports

Last Answer : (2) encourage exports Explanation: Devaluation in modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units with which that currency can ... , discouraging imports. As a result, this may help to reduce a country's trade deficit.

The difference in the value of visible exports and visible imports is called : (1) Balance Sheet of items (2) Balance of Payments (3) Balance of Trade (4) Balance of Account

Description : The difference in the value of visible exports and visible imports is called : (1) Balance Sheet of items (2) Balance of Payments (3) Balance of Trade (4) Balance of Account

Last Answer : (3) Balance of Trade Explanation: Balance of Trade refers to the difference between the value of a country's visible imports and visible exports. Also known as the visible balance, it forms part of ... totals more than the value of visible exports, it is known as an adverse balance of trade.

A country's balance of trade is unfavorable when — (1) exports exceed imports (2) imports exceed exports (3) terms of trade become unfavorable (4) None of these

Description : A country's balance of trade is unfavorable when — (1) exports exceed imports (2) imports exceed exports (3) terms of trade become unfavorable (4) None of these

Last Answer : (2) imports exceed exports Explanation: The balance of trade, or net exports is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the ... is imported: a negative balance is referred to as a trade deficit or, informally, a trade gap.

If a country devalues its currency, its - (1) (1) Exports become cheaper and imports become costlier (2) (2) Exports become costlier and imports become cheaper. (3) Exports value is equivalent to imports value (4) No effect on exports and imports

Description : If a country devalues its currency, its - (1) (1) Exports become cheaper and imports become costlier (2) (2) Exports become costlier and imports become cheaper. (3) Exports value is equivalent to imports value (4) No effect on exports and imports

Last Answer : (1) Exports become cheaper and imports become costlier Explanation: Devaluation means official lowering of the value of a country's currency within a fixed exchange rate system, by which the ... turn, means that imports are more expensive, making domestic consumers less likely to purchase them.

Full convertibility of a rupeee means - (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Description : Full convertibility of a rupeee means - (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Last Answer : (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply Explanation: The full convertibility of the Indian currency means ... governmental control. Presently, the issue of capital account convertibility is in the discussion stage.

'Quota' is - (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports

Description : 'Quota' is - (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports

Last Answer : (3) limit on the quantity of imports Explanation: An import quota is a limit on the quantity of a good that can be produced abroad and sold domestically. It is a type of ... production of a good, service, or activity, thus "protect" domestic production by restricting foreign competition.

A favorable Balance of Trade of a country implies that - (1) Imports are greater than Exports (2) Exports are greater than Imports (3) Both Imports and Exports are equal (4) Rising Imports and Falling Exports

Description : A favorable Balance of Trade of a country implies that - (1) Imports are greater than Exports (2) Exports are greater than Imports (3) Both Imports and Exports are equal (4) Rising Imports and Falling Exports

Last Answer : (2) Exports are greater than Imports Explanation: Favorable balance of trade is an imbalance in a nation's balance of trade in which the payments for merchandise exports received by the country exceed ... and income. A balance of trade surplus is often the source of a balance of payments surplus.

The difference between visible exports and visible imports is defined as - (1) Balance of trade (2) Balance of payment (3) Balanced terms of trade (4) Gains from trade

Description : The difference between visible exports and visible imports is defined as - (1) Balance of trade (2) Balance of payment (3) Balanced terms of trade (4) Gains from trade

Last Answer : (1) Balance of trade Explanation: The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports.

“Crowding out” means that a. a government budget deficit lowers interest rates and causes investment spending to rise b. an increase in marginal tax rates lowers production c. a government budget deficit raises interest rates and causes investment spending to fall d. a government budget deficit raises American exports and lowers American imports

Description : Crowding out means that a. a government budget deficit lowers interest rates and causes investment spending to rise b. an increase in marginal tax rates lowers production c. a government ... spending to fall d. a government budget deficit raises American exports and lowers American imports

Last Answer : c. a government budget deficit raises interest rates and causes investment spending to fall

10. “Crowding out” means that a. a government budget deficit lowers interest rates and causes investment spending to rise b. an increase in marginal tax rates lowers production c. a government budget deficit raises interest rates and causes investment spending to fall d. a government budget deficit raises American exports and lowers American imports

Description : 10. Crowding out means that a. a government budget deficit lowers interest rates and causes investment spending to rise b. an increase in marginal tax rates lowers production c. a ... investment spending to fall d. a government budget deficit raises American exports and lowers American imports

Last Answer : c. a government budget deficit raises interest rates and causes investment spending to fall

What records a country's transactions (made by individuals, firms and government bodies.) with the rest of the world? a) Trade deficit b) Capital Budget c) Foreign imports d) Balance of Payments or BoP

Description : What records a country's transactions (made by individuals, firms and government bodies.) with the rest of the world? a) Trade deficit b) Capital Budget c) Foreign imports d) Balance of Payments or BoP

Last Answer : b) other things remaining equal

The records of exports and imports in goods and services and transfer payments is known as a) Current account b) Budget surplus c) Economic leakage d) degree of openness

Description : The records of exports and imports in goods and services and transfer payments is known as a) Current account b) Budget surplus c) Economic leakage d) degree of openness

Last Answer : a) Current account

The effective rate of protection (a). distinguishes between tariffs that are effective and those that are ineffective (b). is the minimum level at which a tariff becomes effective in limiting imports (c). shows how effective a tariff is in raising revenue for the government (d). shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms

Description : The effective rate of protection (a). distinguishes between tariffs that are effective and those that are ineffective (b). is the minimum level at which a tariff becomes effective in ... in value added for domestic production that a particular tariff structure makes possible, in percentage terms

Last Answer : d). shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms

A government’s restriction on the quantity of imports of a country is known as (a) Export quota (b) Import quota © Import rent. (d) Embargo.

Description : A government’s restriction on the quantity of imports of a country is known as (a) Export quota (b) Import quota © Import rent. (d) Embargo.

Last Answer : (b) Import quota

.A tariff that is levied as a fixed charge per unit of imports is known as a (a) Specific tariff (b) Ad- valorem tariff © Import tariff (d) Export tariff.

Description : .A tariff that is levied as a fixed charge per unit of imports is known as a (a) Specific tariff (b) Ad- valorem tariff © Import tariff (d) Export tariff.

Last Answer : a) Specific tariff

Measures to reduce imports will (a) Boost injections into an economy. (b) Reduce injections from an economy. © Boost withdrawals into aneconomy. (d) Reduce withdrawals from an economy.

Description : Measures to reduce imports will (a) Boost injections into an economy. (b) Reduce injections from an economy. © Boost withdrawals into aneconomy. (d) Reduce withdrawals from an economy.

Last Answer : (d) Reduce withdrawals from an economy.

Gains from trade can be divided into two parts (a) gains from exports and gains from imports. (b) gains from specialization and gains from exchange. © gains from consumption and gains from production. (d) gains from profit and gains from loss.

Description : Gains from trade can be divided into two parts (a) gains from exports and gains from imports. (b) gains from specialization and gains from exchange. © gains from consumption and gains from production. (d) gains from profit and gains from loss.

Last Answer : (b) gains from specialization and gains from exchange.

. Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Description : . Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Last Answer : (b) the ratio of exports/imports

‘Quota’ is (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports

Description : ‘Quota’ is (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports

Last Answer : limit on the quantity of imports

A favourable Balance of Trade of a country implies that (1) Imports are greater than Exports (2) Exports are greater than Imports (3) Both Imports and Exports are equal (4) Rising Imports and Falling Exports

Description : A favourable Balance of Trade of a country implies that (1) Imports are greater than Exports (2) Exports are greater than Imports (3) Both Imports and Exports are equal (4) Rising Imports and Falling Exports

Last Answer :  Exports are greater than Imports

The difference between visible exports and visible imports is defined as (1) Balance of trade (2) Balance of payment (3) Balanced terms of trade (4) Gains from trade

Description : The difference between visible exports and visible imports is defined as (1) Balance of trade (2) Balance of payment (3) Balanced terms of trade (4) Gains from trade

Last Answer :  Balance of trade

A country’s balance of trade is unfavourable when — (1) exports exceed imports (2) imports exceed exports (3) terms of trade become unfavourable (4) None of these

Description : A country’s balance of trade is unfavourable when — (1) exports exceed imports (2) imports exceed exports (3) terms of trade become unfavourable (4) None of these

Last Answer : imports exceed exports

If a country devalues its currency, its (1) Exports become cheaper and imports become costlier (2) Exports become costlier and imports become cheaper. (3) Exports value is equivalent to imports value (4) No effect on exports and imports

Description : If a country devalues its currency, its (1) Exports become cheaper and imports become costlier (2) Exports become costlier and imports become cheaper. (3) Exports value is equivalent to imports value (4) No effect on exports and imports

Last Answer : Exports become cheaper and imports become costlier

Full convertibility of a rupeee means (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Description : Full convertibility of a rupeee means (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Last Answer : determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

The major aim of devaluation is to : (1) encourage imports (2) encourage exports (3) encourage both exports and imports (4) discourage both exports and imports

Description : The major aim of devaluation is to : (1) encourage imports (2) encourage exports (3) encourage both exports and imports (4) discourage both exports and imports

Last Answer : encourage exports

The difference in the value of visible exports and visible imports is called : (1) Balance Sheet of items (2) Balance of Payments (3) Balance of Trade (4) Balance of Account

Description : The difference in the value of visible exports and visible imports is called : (1) Balance Sheet of items (2) Balance of Payments (3) Balance of Trade (4) Balance of Account

Last Answer : Balance of Trade