
The size of the market for a product refers to:
(A) The number of people in the given area
(B) The geographical area served by the producers
(C) The volume of potential sales of the product
(D) The number of potential buyers of the product
(B) The geographical area served by the producers
(C) The volume of potential sales of the product
(D) The number of potential buyers of the product


Important Questions on Economics
According to the figures released by the Reserve Bank of India, on February India's foreign exchange reserves were amounted to:

If the percentage change in demand for a commodity is at a faster rate than the percentage change in the price of the commodity, then the demand is _______.
(A) Perfectly inelastic
(B) Elastic
(C) Perfectly elastic
(D) Inelastic

National Agricultural Insurance Scheme was started in India in the year:
(A) 1997-98
(B) 2000-01
(C) 1999-2000
(D) 2002-03

The demand for money, according to Keynes, is for _____.
(A) Speculative motive
(B) Transaction motive
(C) Precautionary motive
(D) All the above motives

The Reserve Bank of India issues currency notes under the _____.
(A) Fixed fiduciary system
(B) Maximum fiduciary system
(C) Fixed minimum reserve system
(D) Proportional reserve system

The fastest-growing state in terms of Gross State Domestic Products (GSDP) in 2015-16 is _____.
(A) Uttar Pradesh
(B) Andhra Pradesh
(C) Tamil Nadu
(D) Madhya Pradesh

At present (Febraury 7, 2019), what is the Cash Reserve Ratio (CRR)?
(A) 4.00%
(B) 5.50%
(C) 4.50%
(D) 3.50%

The 'Smart City Mission' is being implemented by ____.
(A) Ministry of HRD
(B) Ministry of Urban Development
(C) Ministry of Housing and Urban Poverty Alleviation
(D) Ministry of Statistic and Programmes implementation
