Description : 1) Which among the following could be said to be an 'Open Economy'? a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other ... services and financial assets c) An economy that operates without government intervention d) None of the above
Last Answer : : b) A nation that trades with other nations in goods and services and financial assets
Description : What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above
Last Answer : : a) Minimal government intervention in trade and minimum regulations
Description : The major objective of monetary policy is to - (1) increase government's tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy
Last Answer : (3) Promote economic growth with price stability Explanation: The main objective of monetary policy is to control the supply of money, often targeting an inflation rate or interest rate ... usually to contribute to lower unemployment, and to maintain predictable exchange rates with other currencies.
Description : The major objective of monetary policy is to (1) increase government’s tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy
Last Answer : Promote economic growth with price stability
Description : A mixed economy refers to an economic system where - (1) The economy functions with foreign collaboration (2) Only t he private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed
Last Answer : (3) Both the government and the private sectors operate sectors operate simultaneously Explanation: Mixed economy is an economic system in which both the state and private sector direct the ... and that the government wields indirect influence over the economy through fiscal arid monetary policies.
Description : A mixed economy refers to an economic system where (1) The economy functions with foreign collaboration (2) Only the private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed
Last Answer : Both the government and the private sectors operate sectors operate simultaneously
Description : Which one of the following is NOT an assumption of classical theory of employment ? (a) Full employment (b) Laissez-faire policy (c) State intervention. (d) Perfect competition
Last Answer : (c) State intervention.
Description : One of the features of a free market economy is - (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer's sovereignty
Last Answer : (4) consumer's sovereignty Explanation: Consumer Sovereignty is one of the features of a free market economy. It refers to the assertion consumer preferences determine the production of goods and ... market performance is in fact responsive to the specific wants of the consumers within the system.
Description : "Globalisation of Indian Economy" denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution
Last Answer : (2) having minimum intervention in economic relations with other countries Explanation: Globalization means integrating the economy of a country with the economies of other countries or world economy ... of a plethora of export incentives opting for exchange rate adjustments for promoting exports.
Description : “Globalisation of Indian Economy” denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution
Last Answer : having minimum intervention in economic relations with other countries
Description : One of the features of a free market economy is (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer’s sovereignty
Last Answer : consumer’s sovereignty
Description : Laissez-faire economics refers to: a) a term denoting economic transactions carried out by the State/government b) economic transactions in private parties where there is no intervention by the State/government c) a branch of socialism focusing on welfare economics d) None of the above
Last Answer : b) economic transactions in private parties where there is no intervention by the State/government
Description : The market equilibrium for a commodity is determined by : (1) The market supply of the commodity. (2) The balancing of the forces of demand and supply for the commodity (3) (3) The intervention of the Government. (4) (4) The market demand of the commodity.
Last Answer : (2) The balancing of the forces of demand and supply for the commodity Explanation: Market Equilibrium is determined when the quantity demanded of a commodity becomes equal to the quantity ... equilibrium is known as equilibrium price and the corresponding quantity is known as equilibrium quantity.
Description : The central problem of how to produce is resolved by (a) Demand and supply of factor inputs ; (b) Demand and supply of goods; (c) Relative prices and availability of factors of production ; (d) Government intervention
Last Answer : (c) Relative prices and availability of factors of production
Description : Market equilibrium of a commodity is determined by (a) Balancing of demand and supply position ; (b) Aggregate demand ; (c) Aggregate supply; (d) Government intervention
Last Answer : (a) Balancing of demand and supply position ;
Description : The market equilibrium for a commodity is determined by: (1) The market supply of the commodity. (2) The balancing of the forces of demand and supply for the commodity (3) The intervention of the Government. (4) The market demand of the commodity.
Last Answer : The balancing of the forces of demand and supply for the commodity
Description : How does the government typically change physical policy to try to improve the US economy during a recitation recession recession?
Last Answer : In such circumstances, it would be prudent, even necessary, and certainly .their typically blindly loyal followers in emerging market economies continue Such fiscal spending should not only seek to buffer the economic downturn
Description : Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank
Last Answer : (3) Controlling government spending Explanation: A central bank, reserve bank, or monetary authority is a public institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries.
Description : A mixed economy works primarily through the - (1) market mechanism (2) central allocative machinery (3) market mechanism regulated by Government policy (4) market mechanism guided by Government participation and planning
Last Answer : (4) market mechanism guided by Government participation and planning Explanation: Mixed economy is an economic system in which both the state and private sector direct the economy, ... enterprises and the accumulation of capital remain the fundamental driving force behind economic activity.
Description : motion that seeks to reduce the amount of demand presented by government to Re. 1 /is known as - (1) Disapproval of policy Cut (2) Token cut (3) Economy cut (4) Vote on account
Last Answer : (1) Disapproval of policy Cut Explanation: Disapproval of Policy Cut seeks to reduce the amount of the demand be reduced to Re.1/-' representing disapproval of the policy underlying the demand. A ... points mentioned in the notice and it shall be open to members to advocate an alternative policy.
Description : The deliberate action of the government to stabilize the economy, as opposed to the inherent automatic stabilizing properties of the fiscal system, is known as a) Forced fiscal policy b) Manual fiscal policy c) Discretionary fiscal policy d) Automatic fiscal policy
Last Answer : c) Discretionary fiscal policy
Description : Which one of the following is not a function of the central bank in an economy ? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker’s bank
Last Answer : Controlling government spending
Description : A mixed economy works primarily through the (1) market mechanism (2) central allocative machinery (3) market mechanism regulated by Government policy (4) market mechanism guided by Government participation and planning
Last Answer : market mechanism guided by Government participation and planning
Description : A motion that seeks to reduce the amount of demand presented by government to Re. 1/is known as (1) Disapproval of policy Cut (2) Token cut (3) Economy cut (4) Vote on account
Last Answer : Disapproval of policy Cut
Description : Taxation and the government’s expenditure policy are dealt under under which policy? -General Knowledge
Last Answer : The answer is 'Fiscal policy'
Description : Taxation and the government's expenditure policy are dealt under under which policy? -Do You Know?
Last Answer : answer:
Description : What was the U.S. government's policy in dealing with the American Indian tribes?
Last Answer : To move them to specific lands
Description : The idea that government's fiscal policy can be used to stabilize the level of output and employment can be attributed to which of the following economists: a) Frederich Hayek b) Ludwig von Mises c) Frederic Bastiat d) John Maynard Keynes
Last Answer : d) John Maynard Keynes John Maynard Keynes's 1936 book, 'The General Theory of Employment, Interest, and Money' laid the foundations for Macroeconomics
Description : Governments policy towards industries is called as ________. A. economic policy. B. industrial policy. C. monetary policy. D. work policy.
Last Answer : B. industrial policy.
Description : 1. Which Judge of the Supreme Court was unsuccessfully sought to be impeached? 2. Maximum hydrogen bonding would be observed in which compound? 3. Taxation and the government's expenditure policy are ... longest day? 20. What was the main occupation of the people of the Indus Valley civilization?
Last Answer : Answer : 1. Justice Ramaswami 2. Methanol 3. Fiscal policy 4. Jhumming 5. Chanakya 6. World Trade Organization 7. Ptyalin 8. Election Commission 9. Thorn 10. Portuguese 11. Obtuse 12. 1994-2004 13. Internal borrowings 14. Venus 15. 1613 16. 310 17. 2 years 18. 3.5% 19. Venus 20. Agriculture
Description : Do you think the Governments rescue plan and banks interest rates cuts will save the economy?
Last Answer : No. I don’t think it was meant to. I think it was meant to be a confidence booster to stop the pendulum from swinging the wrong way.
Description : How did the fascist party transform italys governments and economy?
Last Answer : Men were urged to be ruthless, selfless warriors fighting forthe glory of Italy. Women were pushed out of paying jobs.
Description : A shuttle valve will: a. Allow the accumulator to be emptied after engine shut down b. Reduce pump loading when normal system pressure is reached c. Automatically switched to a more appropriate source of hydraulic supply d. Operate on a rising pressure, higher than the Full Flow relief valve
Last Answer : c. Automatically switched to a more appropriate source of hydraulic supply
Description : Entry criteria' should address questions such as I. Are the necessary documentation, design and requirements information available that will allow testers to operate the system and judge correct behavior. II. Is the test environment-lab, ... B. I, II and III C. I, II, III and IV D. II, III and IV.
Last Answer : A. I and II only
Description : If a friends instigates you to participate actively in the strike but you disagree with them, then how will you react in this situation? Options: A) You indirectly co-operate them but not ... duties then something else D) You will launch a movement against your friends to resolve the conflict
Last Answer : C) You first do your duties then something else
Description : The Nuclear Waste Policy Act of 1982 and amendments require what Federal agency to site, construct and operate a geologic repository for disposal of high-level nuclear waste?
Last Answer : ANSWER: U.S. DEPARTMENT OF ENERGY
Description : Which of the following statements about the federal system in India are true? I. The Constitution of India provides for a three-fold distribution of legislative powers between the Union and the State Government. II. Both the Union and ... III (2) II, III and IV (3) I, III and IV (4) I, II and IV
Last Answer : (3) I, III and IV
Description : A 32-year-old man suffers a spinal cord injury with a resultant paraplegia in a motorcycle accident. He presents to the emergency room with hypotension. Which of the following statement(s) is/ ... injury will be uncommon d. There is no role for pharmacologic intervention to maintain blood pressure
Last Answer : Answer: c Neurogenic shock results from interruption of sympathetic vasomotor input and develops after spinal cord injury, spinal anesthesia, and severe head injury. Under normal conditions, baseline ... the cause is not neurogenic and search for occult blood loss or cardiogenic causes of shock
Description : How is legislative excess of Parliament and State Assemblies checked? (1) Intervention from President/Governor (2) No- confidence motions (3) Judicial review (4) General elections
Last Answer : (3) Judicial review Explanation: The legislative excess of parliament and state assemblies checked by judicial review of Supreme Court.
Description : How are legislative excesses of Parliament and Assemblies checked? (1) Intervention from President/ Governor (2) No Confidence motions (3) Judicial review (4) General elections
Last Answer : (3) Judicial review Explanation: Judicial review is the doctrine under which legislative and executive actions are subject to review (and possible invalidation) by the judiciary. Specific courts with ... a modern governmental system (where the judiciary is one of three branches of government).
Description : Assertion A: Intervention of undulations in the sea bed reduces the depth of wave at the section. Reason R: No wave can have a height greater than the depth of water through which it passes Select your answer based on ... of A (C) A is true but R is false (D) A is false but R is true
Last Answer : (A) Both A and R is true and R is correct explanation of A
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.
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
Description : Do you think it's hypocritical of the NFL to allow Ray Rice to play football again, when he is seen on video violating their own policy?
Last Answer : It’s BEYOND hypocritical. If I ever needed another reason for not giving a fig about football it’s this pathetic display dollars trumping ethical decency.
Description : A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be ... , a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.
Last Answer : Which of the following company launched “Receive and Win” campaign for Ramzan? A) Mobikwik B) Freecharge C) Paytm D) MoneyGram E) Udio
Description : If the Federal Government picks up the tab for fixing Flint Michigan's contaminated water/crumbling infrastructure crisis, where does the Federal Government's role end?
Last Answer : Depends on who can spend the money better. You or the government. Clean water is a basic goal that gives the most bang for the buck.
Description : Apart from the Central and the State governments, which is the third type of government practised in Belgium? -Democratic 10th
Last Answer : Community government is the answer!