(Q1) General Knowledge » Economy
Which of the following formulas is correct for Gross Value Added?
Gross Value Added = Gross National Product + Subsidies – Taxes
Gross Value Added = Gross Domestic Product + Subsidies – Taxes
Gross Value Added = Gross National Product – Subsidies + Taxes
Gross Value Added = Gross Domestic Product – Subsidies + Taxes
(Q2) General Knowledge » Economy
Which tax slab is applied in India if Individual taxpayer’s annual taxable income is more than ₹15 lakh?
20%
30%
10%
40%
(Q3) General Knowledge » Economy
The financial year in the Indian economy runs from ______.
1 January to 31 May
1 April to 31 March
1 June to 31 March
1 April to 30 June
(Q4) General Knowledge » Economy
As per the new tax regime of India, what is the exemption limit of income tax for financial year 2022-23?
Up to ₹5,00,000
Up to ₹1,00,000
Up to ₹7,50,000
Up to ₹2,50,000
(Q5) General Knowledge » Economy
What is the approximate amount to be mobilised for the National Highways Network expansion as per the Union Budget 2022-23?
₹25,000 crore
₹10,000 crore
₹15,000 crore
₹20,000 crore
(Q6) General Knowledge » Economy
In 1991, the Indian rupee was devalued in how many steps?
Once
Three times
Twice
Four times
(Q7) General Knowledge » Economy
________ is the currency in the hands of the public plus commercial bank reserves, also called ‘high-powered money’.
Money multiplier
Excess reserves
Monetary base
Desired reserve ratio
(Q8) General Knowledge » Economy
According to LERMS policy,what percentage of foreign exchange earnings was required to exchange at the official exchange rate as determined by the RBI?
60%
20%
40%
30%
(Q9) General Knowledge » Economy
A project for purveying microcredit by linking Self-Help Groups (SHGs) with banks was launched by ________in 1992.
SIDBI
NABARD
RRB
IRMA
(Q10) General Knowledge » Economy
Capital adequacy ratio for a NBFC – MFI is ______.
8% of the aggregate deposits
11% of the aggregate risk weighted assets
15% of the aggregate deposits
15% of the aggregate risk weighted assets
(Q11) General Knowledge » Economy
High growth rate with use of modern technology and self-reliance of the economy could be achieved only if:
benefits of economic prosperity reach the rich people
benefits of economic prosperity reach the poor people
the economy participates in international trade
it is a capitalist economy
(Q12) General Knowledge » Economy
In India, CRR is fixed by _______________.
Ministry of Finance
Ministry of External Affairs
Life Insurance Corporation of India
Reserve Bank of India
(Q13) General Knowledge » Economy
In Budget 2022-23,Government of India decided to continue the Scheme of ‘Khelo India – National Programme for Development of Sports’ over the 15th Finance Commission Cycle (2021-22 to 2025-26) at an outlay of________.
₹4,550 crores
₹4,500 crores
₹5,000.50 crores
₹3,165.50 crores
(Q14) General Knowledge » Economy
When the commodity value of money is less than the monetary value of money, it is called _____________.
full bodied money
credit money
fiduciary money
fiat money
(Q15) General Knowledge » Economy
CENCAT is related to
Sales Tax
Excise Duty
Custom Duty
Service Tax
(Q16) General Knowledge » Economy
How much year of extension was given to the tenure of National Anti-profiteering Authority (NAAs) in 35th Goods and Service Tax (GST) Council Meeting?
5 years
4 years
3 years
2 years
(Q17) General Knowledge » Economy
Who has been appointed as chairman and Managing Director of State-run Power Finance Corporation?
Sandip Mukund Pradhan
Jagdish Dhillon
Ravinder Singh Dhillon
Nikesh Arora
(Q18) General Knowledge » Economy
Income Tax is which type of a tax?
Progressive
Regressive
Proportional
Functional
(Q19) General Knowledge » Economy
According to the World Investment Report 2020 by the UNCTAD, India was the_____________largest recipient of FDI in 2019.
6th
7th
9th
5th
(Q20) General Knowledge » Economy
In May 2020, which country has introduced new currency, Toman, to tackle inflation?
UAE
Turkey
Jordan
Iran