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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 12 knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Increase in stock of goods held by a consumer will contribute to capital formation. |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a>. Any <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> in stock of goods held by a <a href="https://interviewquestions.tuteehub.com/tag/consumer-25599" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMER">CONSUMER</a> does not contribute to capital formation as it is assumed that such goods are consumed, the moment they are <a href="https://interviewquestions.tuteehub.com/tag/purchased-2962400" style="font-weight:bold;" target="_blank" title="Click to know more about PURCHASED">PURCHASED</a>.</body></html> | |
| 2. |
Explain the meaning of diminshing marginal rate of substitution with the help of a numercial example |
| Answer» <html><body><p></p>Solution :Marginal Rate of Substitution (MRS) refers to the rate at which a <a href="https://interviewquestions.tuteehub.com/tag/consumer-25599" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMER">CONSUMER</a> is willing to substitute one good for each additional unit of other good. Algebraically. <br/> `MRS = (Delta Y)/(Delta X)` <br/> It shows how many units of good Y the consumer is willing to <a href="https://interviewquestions.tuteehub.com/tag/sacrifice-1193053" style="font-weight:bold;" target="_blank" title="Click to know more about SACRIFICE">SACRIFICE</a> to gain one additional unit of good X. <br/> The following <a href="https://interviewquestions.tuteehub.com/tag/schedule-637564" style="font-weight:bold;" target="_blank" title="Click to know more about SCHEDULE">SCHEDULE</a> explains the concept of MRS <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/CBSE_COMM_SP_XII_ECO_E01_008_S01.png" width="80%"/> <br/> As the consuer moves from consumption combination P to consumption combination <a href="https://interviewquestions.tuteehub.com/tag/q-609558" style="font-weight:bold;" target="_blank" title="Click to know more about Q">Q</a>, consumption of good X increases from 2 units to 3 units while, the consumption of good Y falls from 10 units to 5 units. That is to gain one additional unit to good X, the consumer sacrifices 5 units of good Y. Thus, the MRS is 5</body></html> | |
| 3. |
Explain the meaning of inflationary gap and deflationary gap . Explain any one measure by which these gaps can b e reduced. |
| Answer» <html><body><p></p>Solution :Inflationary Gap is the amount by which actual aggregate <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> exceeds the <a href="https://interviewquestions.tuteehub.com/tag/level-1072714" style="font-weight:bold;" target="_blank" title="Click to know more about LEVEL">LEVEL</a> of aggregate demand(anticipated) required to establish the full employment. Deflationary Gap is the amount by which actual aggregate demand falls <a href="https://interviewquestions.tuteehub.com/tag/short-642706" style="font-weight:bold;" target="_blank" title="Click to know more about SHORT">SHORT</a> of aggregate supply at level of full employment.Measure to Correct the inflationary Gap :Statutory Liquidity Ratio: SLR refers to a fixed percentage of the total assets of a bank in the form of cash or other liquid assets that are required to be <a href="https://interviewquestions.tuteehub.com/tag/maintained-2162867" style="font-weight:bold;" target="_blank" title="Click to know more about MAINTAINED">MAINTAINED</a> by the bank. During the situation of Infiationary Gap, SLR is increased. This reduces the credit creation capacity of Commercial Banks and reduces, the flow of money in the economy. As a result of that, the aggregate demand <a href="https://interviewquestions.tuteehub.com/tag/comes-2017383" style="font-weight:bold;" target="_blank" title="Click to know more about COMES">COMES</a> down ultimately the economv attains equilibrium.</body></html> | |
| 4. |
Distinguish between average propensity to consume and marginal propensity to consume. The value fo which of these two can be greater than oneand when ? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :1. APC refers to <a href="https://interviewquestions.tuteehub.com/tag/ratio-13379" style="font-weight:bold;" target="_blank" title="Click to know more about RATIO">RATIO</a> of absolute <a href="https://interviewquestions.tuteehub.com/tag/consumption-931383" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMPTION">CONSUMPTION</a> to absolute <a href="https://interviewquestions.tuteehub.com/tag/income-25499" style="font-weight:bold;" target="_blank" title="Click to know more about INCOME">INCOME</a> at a particular point of <a href="https://interviewquestions.tuteehub.com/tag/time-19467" style="font-weight:bold;" target="_blank" title="Click to know more about TIME">TIME</a> whereas MPC refers to ratio of change in consumption to change in income.2. Value of APC can be greater than one when consumption is greater than income.</body></html> | |
| 5. |
Componenet of current account in BOP |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/borrowing-901262" style="font-weight:bold;" target="_blank" title="Click to know more about BORROWING">BORROWING</a> and lending<br/>investments<br/>export and <a href="https://interviewquestions.tuteehub.com/tag/import-11331" style="font-weight:bold;" target="_blank" title="Click to know more about IMPORT">IMPORT</a> of goods<br/>all of these</p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html> | |
| 6. |
How are exports affected by depreciation of foreign currency ? Explain |
| Answer» <html><body><p></p>Solution :Depreciation of foreign currency means fall in exchange rate. It means that foreign buyers will not get less <a href="https://interviewquestions.tuteehub.com/tag/amount-374803" style="font-weight:bold;" target="_blank" title="Click to know more about AMOUNT">AMOUNT</a> of <a href="https://interviewquestions.tuteehub.com/tag/goods-1009877" style="font-weight:bold;" target="_blank" title="Click to know more about GOODS">GOODS</a> from the domestic <a href="https://interviewquestions.tuteehub.com/tag/economy-21801" style="font-weight:bold;" target="_blank" title="Click to know more about ECONOMY">ECONOMY</a> by paying the same amount of foreign exchange. It makes exports costlier. <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> for exports <a href="https://interviewquestions.tuteehub.com/tag/falls-983294" style="font-weight:bold;" target="_blank" title="Click to know more about FALLS">FALLS</a></body></html> | |
| 7. |
(a) State any two precautions that must be taken into consideration while estimating national income by value added method. In an economy following transcations took place. Calculate value of output value added by Firm B: (i) Firm A sold to firm B goods of 80 crore, to firm C 50 crore to household 30 crore and goods of value 10 crore remains unsold (iii) Firm B sold firm C goods of 70 crore, to firm D 40crore, goods of value 30 crore were exported and goods of value 5 crore was gold to government Or Differentiate betweeen National Current Places and National Income at Constant Prices. Which of the two presents a better view of the economic growth of economy and why? |
| Answer» <html><body><p></p>Solution :(a) Precautions of value added method are: <br/> (i) Value of sale and purchase of second hand goods is not considered while estimating value added as the value of second hand goods is already accounted during the year they were produced. <br/> (ii) Value of intermediate goods is not included in the estimation of value because value of intermediate goods is reflected in the value of final goods. <br/> (b) Value of output of firm B=sales of firm B to firm C + Sales of firm B to firm D+ Exports + Sales firm B to Government=70+40+30+5=145 crores <br/> Value Added by Firm B= <a href="https://interviewquestions.tuteehub.com/tag/values-25920" style="font-weight:bold;" target="_blank" title="Click to know more about VALUES">VALUES</a> of output by firm B - Purchase by Firm B from firm A =145-80=65 crore <br/> Or <br/> National Income at constant <a href="https://interviewquestions.tuteehub.com/tag/prices-1165311" style="font-weight:bold;" target="_blank" title="Click to know more about PRICES">PRICES</a>: When national product is estimated on the bases of prices prevailing in the base year. it is called national income at constant prices or real national income. <br/> National income at current prices: When national product is estimated on the <a href="https://interviewquestions.tuteehub.com/tag/basis-893664" style="font-weight:bold;" target="_blank" title="Click to know more about BASIS">BASIS</a> of prices or nominal national income. <br/> `("National Income at Current Prices")/("Price Index of Current Index")xx"Prices Index of Bse year"` <br/> National Income at constant prices reflects the real growth of an economy because it <a href="https://interviewquestions.tuteehub.com/tag/increases-1040626" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASES">INCREASES</a> only when there is an increase in real national output over a period of time. National Income at current prices mauy increase due to increasein price and goods and serivices during the current year, it does not reflect hte true picture of economic growth.</body></html> | |
| 8. |
A firm gets maximum profits only if difference between average revenue and average cost is the maximum. |
| Answer» <html><body><p></p>Solution :False: A <a href="https://interviewquestions.tuteehub.com/tag/producer-1167788" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCER">PRODUCER</a> is only in equilibrium if <a href="https://interviewquestions.tuteehub.com/tag/difference-951394" style="font-weight:bold;" target="_blank" title="Click to know more about DIFFERENCE">DIFFERENCE</a> between <a href="https://interviewquestions.tuteehub.com/tag/total-711110" style="font-weight:bold;" target="_blank" title="Click to know more about TOTAL">TOTAL</a> evenue and total cost is <a href="https://interviewquestions.tuteehub.com/tag/maximum-556915" style="font-weight:bold;" target="_blank" title="Click to know more about MAXIMUM">MAXIMUM</a>.</body></html> | |
| 9. |
Reserve repo rate is the rate at which Central Bank lends funds to banks. |
| Answer» <html><body><p><br/></p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a> <a href="https://interviewquestions.tuteehub.com/tag/reverse-1188140" style="font-weight:bold;" target="_blank" title="Click to know more about REVERSE">REVERSE</a> Repo rate is the rate at which <a href="https://interviewquestions.tuteehub.com/tag/banks-393664" style="font-weight:bold;" target="_blank" title="Click to know more about BANKS">BANKS</a> <a href="https://interviewquestions.tuteehub.com/tag/park-1147104" style="font-weight:bold;" target="_blank" title="Click to know more about PARK">PARK</a> their <a href="https://interviewquestions.tuteehub.com/tag/surplus-656730" style="font-weight:bold;" target="_blank" title="Click to know more about SURPLUS">SURPLUS</a> fund with RBI.</body></html> | |
| 10. |
Commerical banksdo not contributeto quantumof moneysupplyin the economyas they do nothavenote- issuingauthority. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a>: Commercialbankscontribute toquantum of <a href="https://interviewquestions.tuteehub.com/tag/moneysupply-2841225" style="font-weight:bold;" target="_blank" title="Click to know more about MONEYSUPPLY">MONEYSUPPLY</a> in the economyas <a href="https://interviewquestions.tuteehub.com/tag/theydo-3207923" style="font-weight:bold;" target="_blank" title="Click to know more about THEYDO">THEYDO</a> nothave note-issuingauthority.</body></html> | |
| 11. |
The balance of trade shows a deficit of Rs 500 crore. The value of exports is Rs 700 crore. Find the value of imports. |
| Answer» <html><body><p>Rs 700 crore <br/>Rs <a href="https://interviewquestions.tuteehub.com/tag/1200-270699" style="font-weight:bold;" target="_blank" title="Click to know more about 1200">1200</a> crore <br/>Rs900 crore <br/>Rs 200 crore </p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a></body></html> | |
| 12. |
An increase of rupee 100crore ininvestment leads to a rise 500 crores in the national income. |
| Answer» <html><body><p></p>Solution :`"Multipler (<a href="https://interviewquestions.tuteehub.com/tag/k-527196" style="font-weight:bold;" target="_blank" title="Click to know more about K">K</a>)"=("Change in Income")/("<a href="https://interviewquestions.tuteehub.com/tag/changein-2508228" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGEIN">CHANGEIN</a> <a href="https://interviewquestions.tuteehub.com/tag/investment-25469" style="font-weight:bold;" target="_blank" title="Click to know more about INVESTMENT">INVESTMENT</a>")=(500)/(100)=<a href="https://interviewquestions.tuteehub.com/tag/5-319454" style="font-weight:bold;" target="_blank" title="Click to know more about 5">5</a>`</body></html> | |
| 13. |
One of the following is an example of social infrastructure : |
| Answer» <html><body><p>Power<br/>Sanitation<br/>Transportation<br/>Water supply</p>Solution :N//A</body></html> | |
| 14. |
Explain the effects on the market equillibrium by imposing ban on the sale of GUTKHA in Delhi. |
| Answer» <html><body><p></p>Solution :Due to the ban on the sale of GUTKHA in <a href="https://interviewquestions.tuteehub.com/tag/delhi-377" style="font-weight:bold;" target="_blank" title="Click to know more about DELHI">DELHI</a>, the supply of GUTKHA will be reduced and the firms producing GUTKHA will <a href="https://interviewquestions.tuteehub.com/tag/shift-1205367" style="font-weight:bold;" target="_blank" title="Click to know more about SHIFT">SHIFT</a> their factors of production in the production of other related goods. Consumer demand of GUTKHA willreduce and <a href="https://interviewquestions.tuteehub.com/tag/hence-484344" style="font-weight:bold;" target="_blank" title="Click to know more about HENCE">HENCE</a> in this <a href="https://interviewquestions.tuteehub.com/tag/way-1450548" style="font-weight:bold;" target="_blank" title="Click to know more about WAY">WAY</a> both the demand and supPply of GUTKHA will reduce.<br/> Value : Social health conciousness.</body></html> | |
| 15. |
Standing of growth rates (2011-15) of India, Pakistanand China in descendingorder is : (Choose the correct alternative) |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/india-54" style="font-weight:bold;" target="_blank" title="Click to know more about INDIA">INDIA</a>, Pakistanand <a href="https://interviewquestions.tuteehub.com/tag/china-1165" style="font-weight:bold;" target="_blank" title="Click to know more about CHINA">CHINA</a><br/>India, China and <a href="https://interviewquestions.tuteehub.com/tag/pakistan-594323" style="font-weight:bold;" target="_blank" title="Click to know more about PAKISTAN">PAKISTAN</a><br/>China, India and Pakistan<br/>Pakistan, India and China</p>Solution :(a) China, <a href="https://interviewquestions.tuteehub.com/tag/indiaand-508676" style="font-weight:bold;" target="_blank" title="Click to know more about INDIAAND">INDIAAND</a> Pakistan</body></html> | |
| 16. |
The component not included in money supply |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/currency-940735" style="font-weight:bold;" target="_blank" title="Click to know more about CURRENCY">CURRENCY</a> with <a href="https://interviewquestions.tuteehub.com/tag/private-11896" style="font-weight:bold;" target="_blank" title="Click to know more about PRIVATE">PRIVATE</a> individuals <br/>currency with business <a href="https://interviewquestions.tuteehub.com/tag/firms-989820" style="font-weight:bold;" target="_blank" title="Click to know more about FIRMS">FIRMS</a> <br/>stock of gold with RBI <br/>all of these</p>Answer :C</body></html> | |
| 17. |
When supply decreases more than proportionately tiian the fall in demand, equilibrium price will also fall. |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a>: With a decrease in supply proportionately more than <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a>, equilibrium <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> will rise.</body></html> | |
| 18. |
The measurement of Balance of Payments deficit is based on |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/autonomous-888704" style="font-weight:bold;" target="_blank" title="Click to know more about AUTONOMOUS">AUTONOMOUS</a> transactions<br/>Accommodating transactions<br/>Current <a href="https://interviewquestions.tuteehub.com/tag/account-25640" style="font-weight:bold;" target="_blank" title="Click to know more about ACCOUNT">ACCOUNT</a> transactions<br/>Capital account transactions</p>Answer :A</body></html> | |
| 19. |
What does budget line in terms of price and income indicate ? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/budget-25496" style="font-weight:bold;" target="_blank" title="Click to know more about BUDGET">BUDGET</a> <a href="https://interviewquestions.tuteehub.com/tag/line-1074199" style="font-weight:bold;" target="_blank" title="Click to know more about LINE">LINE</a> in terms of price and <a href="https://interviewquestions.tuteehub.com/tag/money-25502" style="font-weight:bold;" target="_blank" title="Click to know more about MONEY">MONEY</a> income <a href="https://interviewquestions.tuteehub.com/tag/indicate-514596" style="font-weight:bold;" target="_blank" title="Click to know more about INDICATE">INDICATE</a> that prices are implicitly in the budget line.</body></html> | |
| 20. |
What is meant by Net factor income from abroad ? |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Net factor <a href="https://interviewquestions.tuteehub.com/tag/incomefrom-1040080" style="font-weight:bold;" target="_blank" title="Click to know more about INCOMEFROM">INCOMEFROM</a> abroad refers to the difference between the factor <a href="https://interviewquestions.tuteehub.com/tag/income-25499" style="font-weight:bold;" target="_blank" title="Click to know more about INCOME">INCOME</a> received from the rest of the world and the factor income <a href="https://interviewquestions.tuteehub.com/tag/paid-1145567" style="font-weight:bold;" target="_blank" title="Click to know more about PAID">PAID</a> to the rest of the world.</body></html> | |
| 21. |
Economy can never operate outside PPC with the given resources and technology. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :True: Economy can never operate outside <a href="https://interviewquestions.tuteehub.com/tag/ppc-25541" style="font-weight:bold;" target="_blank" title="Click to know more about PPC">PPC</a> with the given resources and technology as all <a href="https://interviewquestions.tuteehub.com/tag/points-1157347" style="font-weight:bold;" target="_blank" title="Click to know more about POINTS">POINTS</a> outside PPC are unattainable.</body></html> | |
| 22. |
A consumer consumes only two goods X and Y and is in equilibrium .Price of falls . Explain the reaction of the consumer through the Utility Analysis |
| Answer» <html><body><p></p>Solution :As, we know conditions for consumer equilibrium is ,<br/>Necessary Condition<br/> Marginal <a href="https://interviewquestions.tuteehub.com/tag/utility-1441817" style="font-weight:bold;" target="_blank" title="Click to know more about UTILITY">UTILITY</a> of <a href="https://interviewquestions.tuteehub.com/tag/last-3704365" style="font-weight:bold;" target="_blank" title="Click to know more about LAST">LAST</a> rupee spent on each commodity is same . <br/>Suppose there are <a href="https://interviewquestions.tuteehub.com/tag/two-714195" style="font-weight:bold;" target="_blank" title="Click to know more about TWO">TWO</a> commodities, X and Y respectively. <br/> So , for commodity X, the condition is, Marginal Utility of Money = Price of X<br/> Or `(" Marginal in Util Product in Util " [MU_x])/( "Marginal Utility of One Rupee " [MU_R])` = Price of X <br/> or `(MU_x)/(P_x) = MU_R "".....(1)` <br/> Similarly, for commodity Y , the condition is, <br/> `(MU_y)/P_y=MU_R ""....(2)` <br/> Putting <a href="https://interviewquestions.tuteehub.com/tag/equation-974081" style="font-weight:bold;" target="_blank" title="Click to know more about EQUATION">EQUATION</a> (2) in (1), we get <br/> `(MU_x)/(P_y)=(MU_y)/P_y` <br/> But as given in the question that the ratio of marginal utility to price in <a href="https://interviewquestions.tuteehub.com/tag/case-910082" style="font-weight:bold;" target="_blank" title="Click to know more about CASE">CASE</a> of X is higher than that in case of Y, i.e., `(MU_x)/P_x gt (MU_y)/P_y` <br/> It means marginal utility from the last rupee spent on commodity X is more than marginal utility from the last rupee spent on commodity Y. So, to attain the equilibrium consumer must increase the quantity of X, which decreases the `MU_x` and decreases the quantity of Y, which will increase the `MU_y` Increase in quantity of X and decrease in quantity of Y continue till `(MU_x)/P_x = (MU_y)/P_y` .</body></html> | |
| 23. |
From the information given below, calculate : ** Value added by firm A and firm B, ** Gross Domestic Product at market price, ** Net Domestic Product at factor cost. |
| Answer» <html><body><p><br/></p>Solution :Value added by firm A <br/> =Sales by firm A+ Change in <a href="https://interviewquestions.tuteehub.com/tag/stock-1227804" style="font-weight:bold;" target="_blank" title="Click to know more about STOCK">STOCK</a> of firm A- Purchases by firm A <br/> =500+20-320 <br/> =Rs. <a href="https://interviewquestions.tuteehub.com/tag/200-288914" style="font-weight:bold;" target="_blank" title="Click to know more about 200">200</a> crores <br/> Value added by firm B <br/> =Sales by firm B to general government+Sales by firm B to housholds+(Closing stock of firm B - Opening stock of firm B)-Purchases by firm B from firm A <br/> =100+350+(40-30)-200 <br/> =Rs. <a href="https://interviewquestions.tuteehub.com/tag/260-298496" style="font-weight:bold;" target="_blank" title="Click to know more about 260">260</a> crores <br/> Gross Domestic Product at market price <br/> =Value added by firm A+Value added by firm B <br/> =200+260=Rs. 460 crores <br/> Net Domestic Product at factor <a href="https://interviewquestions.tuteehub.com/tag/cost-25707" style="font-weight:bold;" target="_blank" title="Click to know more about COST">COST</a> <br/> =Gross Domestic product at market price-Consumption of <a href="https://interviewquestions.tuteehub.com/tag/fixed-457597" style="font-weight:bold;" target="_blank" title="Click to know more about FIXED">FIXED</a> capital-Indirect Taxes paid by both the firms <br/> =460-120-75 <br/> =Rs. 265 crores</body></html> | |
| 24. |
whatisequilibriumoutput ? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/outputis-2904765" style="font-weight:bold;" target="_blank" title="Click to know more about OUTPUTIS">OUTPUTIS</a> atequilibriumlevelwhenquantityproductis equaltoquantity <a href="https://interviewquestions.tuteehub.com/tag/demanded-7675308" style="font-weight:bold;" target="_blank" title="Click to know more about DEMANDED">DEMANDED</a> .</body></html> | |
| 25. |
State any one objective of a government budget. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/reallocation-1178980" style="font-weight:bold;" target="_blank" title="Click to know more about REALLOCATION">REALLOCATION</a> of <a href="https://interviewquestions.tuteehub.com/tag/resources-11387" style="font-weight:bold;" target="_blank" title="Click to know more about RESOURCES">RESOURCES</a> .</body></html> | |
| 26. |
State factors for leftward shift of supply curve. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :A <a href="https://interviewquestions.tuteehub.com/tag/decrease-946104" style="font-weight:bold;" target="_blank" title="Click to know more about DECREASE">DECREASE</a> in supply means that producers now supply less at a given price level. The conditions are <br/> (a) Rise in the prices of remuneration of factors of the production. <br/> (b) Rise in the prices of other goods. <br/> (c ) When the technology becomes outdated. <br/> (d) Change in the <a href="https://interviewquestions.tuteehub.com/tag/objective-25531" style="font-weight:bold;" target="_blank" title="Click to know more about OBJECTIVE">OBJECTIVE</a> of producer (decrease supply at the same price) <br/> (e ) Taxation <a href="https://interviewquestions.tuteehub.com/tag/policy-602125" style="font-weight:bold;" target="_blank" title="Click to know more about POLICY">POLICY</a> of government rises. <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/FM_M_ECO_XII_P1_C07_E02_041_S01.png" width="80%"/></body></html> | |
| 27. |
Define national income (N NP_(FC)). |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :It id the value added (<a href="https://interviewquestions.tuteehub.com/tag/nva-2189467" style="font-weight:bold;" target="_blank" title="Click to know more about NVA">NVA</a>) of all <a href="https://interviewquestions.tuteehub.com/tag/final-461168" style="font-weight:bold;" target="_blank" title="Click to know more about FINAL">FINAL</a> goods and services produced by the normal <a href="https://interviewquestions.tuteehub.com/tag/residents-1186245" style="font-weight:bold;" target="_blank" title="Click to know more about RESIDENTS">RESIDENTS</a> of a country (factors of <a href="https://interviewquestions.tuteehub.com/tag/production-14556" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCTION">PRODUCTION</a>) during a period of one year. It includes NFIA.</body></html> | |
| 28. |
‘What are the alternative definations of money suppty in India |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/hint-486738" style="font-weight:bold;" target="_blank" title="Click to know more about HINT">HINT</a>: Discuss <a href="https://interviewquestions.tuteehub.com/tag/measures-1091959" style="font-weight:bold;" target="_blank" title="Click to know more about MEASURES">MEASURES</a> of <a href="https://interviewquestions.tuteehub.com/tag/money-25502" style="font-weight:bold;" target="_blank" title="Click to know more about MONEY">MONEY</a> Supply”</body></html> | |
| 29. |
If CRR=5% and SLR =20% money multiplier is : |
| Answer» <html><body><p>20<br/>4<br/>5<br/>none of these </p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a></body></html> | |
| 30. |
sevices of housewivesandleisure timeactivities contribute to welfareof people.However . Theyare notincludedin theestimation of nationalincome. Why ? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Suchnon- markettransactionsare notincludedin thenational incomebecauseit is <a href="https://interviewquestions.tuteehub.com/tag/difficult-439335" style="font-weight:bold;" target="_blank" title="Click to know more about DIFFICULT">DIFFICULT</a> to ascertaintheirmarketvalue and suchservices are notrenderedfor <a href="https://interviewquestions.tuteehub.com/tag/thepurpose-1410362" style="font-weight:bold;" target="_blank" title="Click to know more about THEPURPOSE">THEPURPOSE</a> of earningincome .</body></html> | |
| 31. |
Although there are few (more than one) firms in oligopoly. Even these firms can enjoy monopoly power. How? |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/firms-989820" style="font-weight:bold;" target="_blank" title="Click to know more about FIRMS">FIRMS</a> in oligopoly <a href="https://interviewquestions.tuteehub.com/tag/form-996208" style="font-weight:bold;" target="_blank" title="Click to know more about FORM">FORM</a> cartel and in this <a href="https://interviewquestions.tuteehub.com/tag/way-1450548" style="font-weight:bold;" target="_blank" title="Click to know more about WAY">WAY</a> these firms can <a href="https://interviewquestions.tuteehub.com/tag/control-425557" style="font-weight:bold;" target="_blank" title="Click to know more about CONTROL">CONTROL</a> over prices. <br/> Value: <a href="https://interviewquestions.tuteehub.com/tag/critical-427694" style="font-weight:bold;" target="_blank" title="Click to know more about CRITICAL">CRITICAL</a> thinking</body></html> | |
| 32. |
Classify the following as stock and flow : (i) Amount of bank deposits as on 31.03.2014. (ii) Production of wheat. (iii) Population of India as on 31st March 2012. (iv) Number of literate people as on 31st March 2014. (v) Domestic income of a country. |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/stock-1227804" style="font-weight:bold;" target="_blank" title="Click to know more about STOCK">STOCK</a> : (i), (<a href="https://interviewquestions.tuteehub.com/tag/iii-497983" style="font-weight:bold;" target="_blank" title="Click to know more about III">III</a>), (iv) <br/> Flow : (<a href="https://interviewquestions.tuteehub.com/tag/ii-1036832" style="font-weight:bold;" target="_blank" title="Click to know more about II">II</a>), (<a href="https://interviewquestions.tuteehub.com/tag/v-722631" style="font-weight:bold;" target="_blank" title="Click to know more about V">V</a>)</body></html> | |
| 33. |
Which one is a capital receipt ? |
| Answer» <html><body><p>License and court fees <a href="https://interviewquestions.tuteehub.com/tag/received-1179289" style="font-weight:bold;" target="_blank" title="Click to know more about RECEIVED">RECEIVED</a> by the government in year 2014-15 .<br/>Financial help from Microsoft for the <a href="https://interviewquestions.tuteehub.com/tag/victims-726640" style="font-weight:bold;" target="_blank" title="Click to know more about VICTIMS">VICTIMS</a> of floodaffected areas. <br/>Sale of `<a href="https://interviewquestions.tuteehub.com/tag/40-314386" style="font-weight:bold;" target="_blank" title="Click to know more about 40">40</a>%` shares of public <a href="https://interviewquestions.tuteehub.com/tag/sector-1198825" style="font-weight:bold;" target="_blank" title="Click to know more about SECTOR">SECTOR</a> undertaking to a private enterprise. <br/>Profit of LIC , a public enterprise.</p>Answer :C</body></html> | |
| 34. |
Land reforms mean to solve problems relating to : |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/ownership-1144401" style="font-weight:bold;" target="_blank" title="Click to know more about OWNERSHIP">OWNERSHIP</a> of <a href="https://interviewquestions.tuteehub.com/tag/land-539118" style="font-weight:bold;" target="_blank" title="Click to know more about LAND">LAND</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/distribution-440862" style="font-weight:bold;" target="_blank" title="Click to know more about DISTRIBUTION">DISTRIBUTION</a> of land <br/>Exploitationof <a href="https://interviewquestions.tuteehub.com/tag/farmers-984727" style="font-weight:bold;" target="_blank" title="Click to know more about FARMERS">FARMERS</a> <br/>All the above </p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :D</body></html> | |
| 35. |
Losses are classified as: |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/stock-1227804" style="font-weight:bold;" target="_blank" title="Click to know more about STOCK">STOCK</a> variable<br/>Flow variable<br/>Either (a) or (b) <br/><a href="https://interviewquestions.tuteehub.com/tag/neither-1113494" style="font-weight:bold;" target="_blank" title="Click to know more about NEITHER">NEITHER</a> (a) nor (b)</p>Solution :B. <a href="https://interviewquestions.tuteehub.com/tag/losses-544756" style="font-weight:bold;" target="_blank" title="Click to know more about LOSSES">LOSSES</a> are classified as Flow variable.</body></html> | |
| 36. |
(a) Explain currency authority functionn of central bank (b) Why is the central bank sole authority for the issue of currency in the country? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :(a) Refer to section 6.31A <br/> (b) The central bank i.e <a href="https://interviewquestions.tuteehub.com/tag/rbi-24616" style="font-weight:bold;" target="_blank" title="Click to know more about RBI">RBI</a> is the <a href="https://interviewquestions.tuteehub.com/tag/sole-1216528" style="font-weight:bold;" target="_blank" title="Click to know more about SOLE">SOLE</a> authority for issue of currency in the country as: <br/> (i) It ensures uniformity in note circulation <br/> (ii) It enables governament to control money <a href="https://interviewquestions.tuteehub.com/tag/supply-1235254" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPLY">SUPPLY</a> through RBI <br/>(<a href="https://interviewquestions.tuteehub.com/tag/iii-497983" style="font-weight:bold;" target="_blank" title="Click to know more about III">III</a>) It builds up public faith in the currency system.</body></html> | |
| 37. |
Describe any two methods by which Reserve India can regulate money supply. |
| Answer» <html><body><p></p>Solution :CRR - Cash Reserve Ratio is the proportion of total deposits that the <a href="https://interviewquestions.tuteehub.com/tag/banks-393664" style="font-weight:bold;" target="_blank" title="Click to know more about BANKS">BANKS</a> are required to <a href="https://interviewquestions.tuteehub.com/tag/maintain-1084096" style="font-weight:bold;" target="_blank" title="Click to know more about MAINTAIN">MAINTAIN</a> with the RBI has reserves.Thus, expanding the money supply. <a href="https://interviewquestions.tuteehub.com/tag/open-586655" style="font-weight:bold;" target="_blank" title="Click to know more about OPEN">OPEN</a> Market Operation - It is the sale/purchase of the government <a href="https://interviewquestions.tuteehub.com/tag/bonds-900666" style="font-weight:bold;" target="_blank" title="Click to know more about BONDS">BONDS</a> and securities in the market to adjust the rupee <a href="https://interviewquestions.tuteehub.com/tag/liquidity-1075470" style="font-weight:bold;" target="_blank" title="Click to know more about LIQUIDITY">LIQUIDITY</a>.</body></html> | |
| 38. |
When receipts of foreign exchange are less than payments of foreign exchange, then BOP is: |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/deficit-946992" style="font-weight:bold;" target="_blank" title="Click to know more about DEFICIT">DEFICIT</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/surplus-656730" style="font-weight:bold;" target="_blank" title="Click to know more about SURPLUS">SURPLUS</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/balanced-389334" style="font-weight:bold;" target="_blank" title="Click to know more about BALANCED">BALANCED</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/none-580659" style="font-weight:bold;" target="_blank" title="Click to know more about NONE">NONE</a> of these </p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :A</body></html> | |
| 39. |
Distinguish between ''real'' gross domestic product and ''norminal'' gross domestic product. Which of these is a better index of welfare of the prople and why ? |
| Answer» <html><body><p></p>Solution :The difference are are follows: <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/CBSE_COMM_SP_XII_ECO_E01_032_S01.png" width="80%"/> <br/> Real GDP is a better index of economic welfare. This is because a change in the Real GDP <a href="https://interviewquestions.tuteehub.com/tag/reflects-2982290" style="font-weight:bold;" target="_blank" title="Click to know more about REFLECTS">REFLECTS</a> a change in the <a href="https://interviewquestions.tuteehub.com/tag/quantity-1174212" style="font-weight:bold;" target="_blank" title="Click to know more about QUANTITY">QUANTITY</a> of goods and services produced. The change in the production of goods and services implies a change in the employment and income <a href="https://interviewquestions.tuteehub.com/tag/levels-1072811" style="font-weight:bold;" target="_blank" title="Click to know more about LEVELS">LEVELS</a>, thereby, <a href="https://interviewquestions.tuteehub.com/tag/indicating-7689027" style="font-weight:bold;" target="_blank" title="Click to know more about INDICATING">INDICATING</a> a change in the living <a href="https://interviewquestions.tuteehub.com/tag/standards-1224505" style="font-weight:bold;" target="_blank" title="Click to know more about STANDARDS">STANDARDS</a> of the people in an economy.</body></html> | |
| 40. |
State the two components of money Supply State the components of money supply. State the two components of M, measure of Money Supply |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Currency and <a href="https://interviewquestions.tuteehub.com/tag/coins-421868" style="font-weight:bold;" target="_blank" title="Click to know more about COINS">COINS</a> with <a href="https://interviewquestions.tuteehub.com/tag/public-11897" style="font-weight:bold;" target="_blank" title="Click to know more about PUBLIC">PUBLIC</a> (ii) Demand <a href="https://interviewquestions.tuteehub.com/tag/deposits-948691" style="font-weight:bold;" target="_blank" title="Click to know more about DEPOSITS">DEPOSITS</a> of commercialbanks</body></html> | |
| 41. |
The price elasticity of supply of a commodity is 2.0. A firm supplies 200 units of it at a price of Rs 8 per unit. At what price will it supply 250 units ? |
| Answer» <html><body><p></p>Solution :Given, `E_(s) = 2, P = Rs 8, <a href="https://interviewquestions.tuteehub.com/tag/q-609558" style="font-weight:bold;" target="_blank" title="Click to know more about Q">Q</a> = 200` <a href="https://interviewquestions.tuteehub.com/tag/units-1438468" style="font-weight:bold;" target="_blank" title="Click to know more about UNITS">UNITS</a>, `Q_(<a href="https://interviewquestions.tuteehub.com/tag/1-256655" style="font-weight:bold;" target="_blank" title="Click to know more about 1">1</a>) = 250` units <br/> `:. Delta Q = Q_(1) - Q = 250 - 200 = 50` units <br/> Let the <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> in price, `Delta P = x` <br/> We know that, <br/> `E_(s) = (Delta Q)/(Delta P) xx (P)/(Q) or 2 = (50)/(x) xx (8)/(200) = (2)/(x)` <br/> or `2x = 2x = 1 ro Delta P = 1` <br/> New price, `P_(1) = P + Delta P = 8 + 1 = Rs 9`</body></html> | |
| 42. |
As the price of a product decreases by 7% the total expenditure on it goes up by 3.5%. What can we say about the elasticity of demand for this product ? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> is highly elastic `(ED gt 1)` as <a href="https://interviewquestions.tuteehub.com/tag/total-711110" style="font-weight:bold;" target="_blank" title="Click to know more about TOTAL">TOTAL</a> expenditure has increased by 3.5% with a <a href="https://interviewquestions.tuteehub.com/tag/decrease-946104" style="font-weight:bold;" target="_blank" title="Click to know more about DECREASE">DECREASE</a> in price of <a href="https://interviewquestions.tuteehub.com/tag/7-332378" style="font-weight:bold;" target="_blank" title="Click to know more about 7">7</a>% in the price.<br/> Demand is highly elastic `(ED gt 1)`.</body></html> | |
| 43. |
Classify the following expenditures as intermediate consumption expenditure and final consumption expenditure. (i) Expenditure on research and development by Tata. (ii) Insurance premium paid by a firm to an insurance company. (iii) Insurance premium paid by households to an insurance company. (iv) Expenditure on repairs and maintenance of plant and machinery. (v) Expenditure incurred by a firm on purchase of equipments. (vi) Advertising expenditure incurred by Airtel on promotion of its products. (vii) Business expenses of the employees on tour and entertainment. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Intermediate <a href="https://interviewquestions.tuteehub.com/tag/consumption-931383" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMPTION">CONSUMPTION</a> Expenditure : (i), (ii), (iv), (vi), (vii), Final Consumption Expenditure : (<a href="https://interviewquestions.tuteehub.com/tag/iii-497983" style="font-weight:bold;" target="_blank" title="Click to know more about III">III</a>), (<a href="https://interviewquestions.tuteehub.com/tag/v-722631" style="font-weight:bold;" target="_blank" title="Click to know more about V">V</a>).</body></html> | |
| 44. |
Calcularte national income by the (a) Income method and (b) Expenditure method : {:(,,(Rs."Arab")),((i),"Net imports",(-)5),((ii),"Social security contributions by employers",1),((iii),"Net indriect tax",10),((iv),"Operating surplus",40),((v),"Net factor income to abroad",(-)2),((vii),"Governmen final consumption expenditure",20),((vii),"Net domestic capirtal formation",25),((viii), "Comprensation of employees",42),((ix),"Private final consumption expenditure",100),((x),"Consumption of fixeed capital",5),((xi), "Mixed income of self employed",58):} |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> : <a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>. <a href="https://interviewquestions.tuteehub.com/tag/142-273588" style="font-weight:bold;" target="_blank" title="Click to know more about 142">142</a> <a href="https://interviewquestions.tuteehub.com/tag/arab-380991" style="font-weight:bold;" target="_blank" title="Click to know more about ARAB">ARAB</a></body></html> | |
| 45. |
Repo rate is therate at which : |
| Answer» <html><body><p>Commercial Banks purchasegovernment <a href="https://interviewquestions.tuteehub.com/tag/securities-1198959" style="font-weight:bold;" target="_blank" title="Click to know more about SECURITIES">SECURITIES</a> from thecentral bank<br/>Commercial Bankcan <a href="https://interviewquestions.tuteehub.com/tag/take-662846" style="font-weight:bold;" target="_blank" title="Click to know more about TAKE">TAKE</a> loans fromthecentral banks<br/>Commercial Banks cankeeptheir depositswith the central banks<br/>Short-term loans are given by commercial banks </p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>. Repo <a href="https://interviewquestions.tuteehub.com/tag/rate-1177476" style="font-weight:bold;" target="_blank" title="Click to know more about RATE">RATE</a> is <a href="https://interviewquestions.tuteehub.com/tag/therate-1410402" style="font-weight:bold;" target="_blank" title="Click to know more about THERATE">THERATE</a> at which Commercial Bankcan take loans fromthecentral banks.</body></html> | |
| 46. |
Multiplier ist he ratio of increase in income to a given increase in |
| Answer» <html><body><p>supply<br/>demand<br/>investment<br/>capital stock</p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html> | |
| 47. |
In an economy , income generated is four times the increase in investment expenditure. Calculate the values of MPC and MPS. |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Multiplier =4{As <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> inIncome `(DeltaY)` is 4 times the increase in <a href="https://interviewquestions.tuteehub.com/tag/investment-25469" style="font-weight:bold;" target="_blank" title="Click to know more about INVESTMENT">INVESTMENT</a> `(Deltal)}`<br/>(a) Multiplier (k) `=(1)/(1-<a href="https://interviewquestions.tuteehub.com/tag/mpc-548966" style="font-weight:bold;" target="_blank" title="Click to know more about MPC">MPC</a>)`<br/> `4= (1)/(1-MPC)`<br/> `1-MPC `=(1)/(4)` <br/>MPC`=0.75` <br/> MPS `=1-MPC=1-0.75`<br/> MPS `= 0.25`</body></html> | |
| 48. |
Natural resources are being exhausted rapidly due to |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/excessive-978706" style="font-weight:bold;" target="_blank" title="Click to know more about EXCESSIVE">EXCESSIVE</a> mining<br/>Excessive <a href="https://interviewquestions.tuteehub.com/tag/cutting-942320" style="font-weight:bold;" target="_blank" title="Click to know more about CUTTING">CUTTING</a> of trees<br/>Too <a href="https://interviewquestions.tuteehub.com/tag/much-2164829" style="font-weight:bold;" target="_blank" title="Click to know more about MUCH">MUCH</a> of fishing.<br/>Any of the above.</p>Answer :D</body></html> | |
| 49. |
Purchase of machine from Japan by a producer. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/autonomous-888704" style="font-weight:bold;" target="_blank" title="Click to know more about AUTONOMOUS">AUTONOMOUS</a></body></html> | |
| 50. |
Identify the indirect tax from the following options : |
| Answer» <html><body><p>Corporate <a href="https://interviewquestions.tuteehub.com/tag/tax-1239527" style="font-weight:bold;" target="_blank" title="Click to know more about TAX">TAX</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/income-25499" style="font-weight:bold;" target="_blank" title="Click to know more about INCOME">INCOME</a> Tax <br/>Goods and <a href="https://interviewquestions.tuteehub.com/tag/services-1202745" style="font-weight:bold;" target="_blank" title="Click to know more about SERVICES">SERVICES</a> Tax (GST) <br/>Capital Gains Tax </p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :C</body></html> | |