Generally, interest on overseas investment, commission on financial transactions, payment for services, expenditure by tourists, government grants overseas, cost of membership of international bodies, etc. Define what is the rate of return pricing? D)could be a penalty but could not be a reward. 130. In the case of inferior goods, people buy more of such good when their price rises. 1978. Define what is the main aim of the Community Development Programme? 144. Define what is commodities of habit? C. Economics is the study of profit and loss. Macroeconomics can best be described as the: A) analysis of how a consumer tries to spend income. Each question identifies the topic being tested and the level of difficulty. Which is the important plantation crop produced in India? Which of the following is not a function of the Fed? Every time the Fed buys or sells on the open market, the __________ changes. In this case, the new product is offered in a sample market. Hurricane Katrina Destroyed A Large Portion Of The Infrastructure In The Gulf South Of United States. Here is how an open market sale works: A commercial bank __________ government securities to (from) the Fed, which lowers the bank's deposits at the __________ and __________ the bank's __________. The most important responsibility of the Fed is to. “Garibi Hatato” – Remove poverty. 1986, 135. When the Fed engages in quantitative easing, it alters ______________________ and when the Fed makes open market purchases it alters _______________________. If the Fed lowers the required reserve ratio, __________ in the banking system will remain unchanged but __________ will rise. 2. When we speak of the Fed's responsibility to supervise member banks, we are saying that the, If the Fed purchases government securities from commercial banks, the reserves of the banking system will immediately, The funds the Fed receives from selling government securities, When the Fed is acting as fiscal agent for the Treasury, it will, When the federal government incurs a budget deficit, it will. 12. The Federal Open Market Committee (FOMC), 72. Become a part of our community of millions and ask any question that you do not find in our Macroeconomics Q&A library. Q. A Federal Reserve Bank is located in which of the following cities? Kochi E.P.Z. 166. Define what is called price theory? Primary sector refers to which field in India? In which state is ‘Mica’ abundantly found? If a bank has zero excess reserves and one of its creditworthy customers applies for a loan, the bank may be able to grant the loan if it can, 101. 35. Which was the period of the second five-year plan of India? d. what causes recessions and depressions. â¢ Practice Questions â¢ Internet Activities . June and January, 107. Goods which indirectly satisfy human wants by helping the production of consumer goods are called producers goods. If the Fed wants to increase the money supply, it can __________ the required reserve ratio, conduct an open market __________, or __________the discount rate. Industrial Development Bank of India, 81. When commercial banks need more Federal Reserve Notes. Define what is the full form of RFLP? 200 Top Economics Interview Questions and Answers. Surat E.P.Z. The discount rate is sometimes also known as the primary credit rate. 91. 1951-56, 36. 139. In order to raise the federal funds rate the Fed will ________________ securities on the open market which will ________________ the supply of reserves in the market for reserves, pushing the rate closer to the target rate. Surat E.P.Z. If wants are the focus, then of course resources are limited by definition, but if minimum needs or essentials are used as the foundation, then resources are seen to be abundant. The difference is between a description and an explanation. In 2007, the Fed began using an additional monetary policy tool called the term auction facility program. When was the national extension service started in India? Vermiculture, 104. With quantitative easing, the Fed purchases _____________________. How are short term borrowings made by the government from the central bank? Principles Of Microeconomics Test Bank for Economics Canadian Edition 14th Edition Ragan. Start studying Macroeconomics Practice Exam Questions. 105. The operations research is a specialized approach to investigate the particular problem of the firm. The Fed has been called "the lender of last resort" because it. 118. Test bank may contains the following types of questions: multiple choice, true/false, fill in the blank, matching, essay/short answer, and free-response questions. 84. Then click 'Next Question' to answer the next question. 177. The president of the Federal Reserve Bank of ________________ holds a permanent seat on the _________________________. Define what is a perfect competition? Federal Reserve Notes held by the Fed are considered part of the, 103. 188. When was the Planning Commission of India set up? It might offset the effect of this on the money supply by, Suppose the Fed forecasts a reduction in excess reserve holdings by banks. 123. To plan a new unit or expansion of a new unit, To plan a long term financial requirements, Europe (remember Italy, French, UK, and Germany are 4 world’s power). Rise. 120. Define what is the marginal cost? Part 1 â Practice Questions / Multiple Choice â DOC | PDF One of the Fed's functions is to be the government's banker. 174. Penetration pricing refers to setting a low initial price on a product with a view to conquering the market. When the Federal Reserve system was being created, some people thought that there should be as few district banks as possible to enhance efficiency and for ease of operation. 176. Janatha party government terminated the fifth five-year plan in which year? 109. Reserve price is the price below which a seller is not prepared to sell. Answer: Option B. 173. Table of Contents. Define what is the name given to the illegal way of bringing foreign currency to India? When was the present coinage system in India Introduced? Define what is differential pricing? 129. If there are no excess reserves in the banking system and the Fed lowers the required reserve ratio, it follows that banks will now have __________, which they can use to extend loans and create new __________. Define what is income elasticity of demand? Which of the following will increase the money supply? The word âmicroâ derived from which language? January 1, 1965. Mrs Miller picks flowers in her garden. When a new product is introduced in the market, it is priced at a relatively high level with the intention of skimming the cream from the market. Varanasi, 148. Then by studying the demand of the sample markets, the total demand is estimated. Since many instructors use these questions in graded assignments, we ask that you not post these questions and the answers on any publicly available websites. Which is the 8th Export Processing Zone of India? Product differentiation is the main feature of monopolistic competition. In the field of stock exchange Define what is the name given to one who tries to increase the value of shares? Define what are perishable goods? Wheat, gram linseed and mustard, 108. Horticulture, 100. Practice Questions for Students 2010. 18. Macroeconomics Final Exam - Answers April 26 & 29, 1999 Answer all questions, on these sheets in the spaces or blanks provided. 180. Thequestions for Section II are printed in this booklet. Define what are the important purposes of long term forecasting? IDBI, 82. Why does the president of the Federal Reserve Bank of New York hold a permanent seat on the FOMC? It also helps the firm to determine the price policy, promotional policy, etc.. 15. 185. M ULTIPLE C HOICE Q UESTIONS T ESTBANK â C HAPTER 1 Go to Memorandum Answer the following questions by selecting the appropriate answer from the list below. When are Kharif crops sown and reaped in India? Dalal Street, Mumbai, 118. Define what is the name of the Economy where imports and exports are not allowed? 137. Integrated Rural Energy Programme, 129. Define what is perfectly elastic demand? 155. 50. Goods which directly satisfy human wants are called consumer goods. Chapter 2. Rural Functional Literacy Programme, 127. In methods of demand forecasting for new products, Define what is a sales experience approach? Define what is term demand? It looks like your browser needs an update. Define what was the objective of the fourth five-year plan? 168. In the case of such goods, demand does not contract very much even if the price rises. Which body gives the final approval to planning in India? According to this method, the firm adjusts its own price policy to the general pricing structure in the industry. C)could be either a reward or a penalty. Use the following to answer questions 21-22: Scenario: Aggregate Consumption Equation Suppose that the aggregate consumption function is given by the equation: C = 200 + 0.8YD, where C represents consumption and YD represents disposable income. Demand for a commodity is said to be perfectly elastic when a slight change in price cause infinite change in quantity demanded. Define what is endowment? Economics N. Gregory Mankiw and Mark P. Taylor 9781844801336 Please email us with your comments on this book. 1969-74, 42. Define what are they? The discount rate is the interest rate, 90. Define what is the term Cost-Plus pricing? 167. In which industry the largest number of workers are employed in India? Open market purchases of government securities. In stock exchange Define what is the name given to the trader who tries to lower the value of shares? Answer: Option B. 178. All Chief Ministers of State, 35. 175. How best to define economics? The rate at which demand changes when price changes are known as elasticity of demand. Which is the most populous state in India? Cotton Textile Industry, 84. When was the Comprehensive Crop Insurance Scheme launched in India? The questions in a test can be viewed one at a time or all at once. Which is the famous book on Economics written by Dadabjao Naoroji? The terms bull, bear and blue ship are associated with which field? Answer: C 5. Coal, 138. Define what is the branch dealing with silkworm production? 220.127.116.11 Which one of the following statements is correct (or closest to correct)? To ensure the best experience, please update your browser. When are the Rabi crops sown and reaped in India? M. Visveswarayya. 197. Pisciculture, 99. Cotton Textile Industry, 83. How many export Processing Zones are there in India? Ten Principles of Economics. 55. Define what are the major rabi crops? Controlling the nation's money supply is the most important duty of the Federal Reserve. The relation between demand and these factors is known as demand analysis. When was TRYSEM launched in India? 178. Which was the period of the eighth five-year plan? Define what is the name given to the condition when talented men leaving their own country for lack of opportunities and facilities and going to other countries for better conditions? Increase of Milk production, 96. Define what is control economy? In other words, it is the actual cost incurred on acquiring a particular cost. 9. c. why some countries have high rates of inflation. Economics is the study of how goods and services produced and how they are distributed. Which was the period of the first five-year plan of India? Learn vocabulary, terms, and more with flashcards, games, and other study tools. 114. Which of the following describes a change that the Federal Reserve made in response to the financial crisis of 2007-2009? 1950, 30. Who was the first chairman of the Planning Commission of India? Define what is the name given to the profit from debenture? The durability of a forecast depends on the reasonableness and simplicity of functions filled. Define what is the name given to a high valued share? It is used to Define what? 177. 115. Six banks, 73. Going rate pricing in many cases results in “following the leader” without anyone knowing the identity of the price leader. Define what is the popular name of White Revolution? When was the food corporation of India established? Define what is the full form of COFEPOSA? A Bull, 111. Define what is meant by the expression of the marginal product? 4) We measure national income by this method. When a bank repays a _________________ loan, the Fed _____________________ the bank's reserve account. The required reserve ratio is set by the. ANSWER: b. 1. D. Economics â¦ Define what is Economics? Which are the Third world countries? 116. 191. The test bank contains multiple choice, short answer, and essay questions for each chapter of the textbook. Where is the headquarters of the World Bank? NABARD, 77. Dividend, 90. Hawala transaction, 114. 1949, 62. It is used in dealing with managerial problems. 183. It can be defined as the application of mathematical techniques in solving the business problem. D) The Pumpkin Center State Bank increased its interest rate on consumer loans by 1 percentage point. 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