The new GDP series released by the CSO in February, 1999 is with reference to base price of:
(a) 1991 – 92 (b) 1992 – 93 (c) 1993 – 94 (d) 1994 – 95
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Mohan bought a jute bag @ 30% discount on the list price. He then sold it at a price which is 160% of the list price thereby making a profit of Rs.81.
(a) Let the LP be 100 So, cost price = 100 × 70% = 70 SP = 100 × 160% = 160 Profit = 160 – 70 = 90 When profit is 90, LP =...
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Suppose the GDP at market price of a country in a particular year was Rs 1,100crores.
National Income(NNPFC) = Rs.850crores GDPMP =Rs. 1100crores Net factor income from abroad = Rs.100crores Net indirect taxes = Rs.150crores NNPFC = GDPMP + Net factor income from abroad - Depreciation - Net indirect taxes Putting...
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The following news item appeared in a National daily dated 1-12-1999 :
(a) Kuwait's all-male Parliament rejected granting women full political rights. The vote was 32 to 30 with 2 abstentions. With 64 members present, the bill needed 33 votes to pass.
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The new series of Wholesale Price Index (WPI) released by the Government of India is with reference to the base prices of :
(c) Base year for WPI is 1993-94 has been in use since April 2000. Earlier 1981-82 was being used as the base year.
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With reference to’ Indian economy, consider the following statements: 1. The Gross Domestic Product (GDP) has increase
The correct answer is (b).
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The economic and monetary union of 15 European countries is proposed to be made by 1999.
(c) Luxemburg and Belgium are the two countries where 'Franc' is the currency having same value and is in free circulation.
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When actual price of a commodity is less than equilibrium price, its Price: (Choose the correct alternative)
(a) Starts rising.
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What is real GDP? State three limitations of GDP as an index of economic welfare.
When GDP represent quantities of final goods and services produced or when GDP is measured on the basis of constant prices, it is called real GDP. Limitations: (i) It does not reflect...
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Suppose in an imaginary economy GDP at Market Price in a particular fiscal years was Rs.4,000 crore,
NNPFC=GDFMP- Consumption of Fixed Capital - Net Factor Income to Abroad -Net Indirect Taxes 2,500=4,000-CFC-450-400 2,500=3,150-CFC CFC=650(Rs. in crore)
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The marked price of a table is Rs 625 and its sale price is Rs 500. What is the ratio of the sale price to the marked price?
The correct answer is 4 : 5
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