(Q1) General Knowledge » Economy
Which of the following is NOT an indirect tax?
Customs duty
Wealth tax
Excise tax
Goods and Services tax
(Q2) General Knowledge » Economy
With respect to India’s foreign trade, which year is referred to as the year of divide?
1981
1991
1996
2010
(Q3) General Knowledge » Economy
Money multiplier can be expressed as ______.
Cash reserve ratio – Statutory liquidity ratio
1/ Statutory liquidity ratio
1/ Cash Reserve Ratio
Statutory liquidity ratio / Cash Reserve Ratio
(Q4) General Knowledge » Economy
Which of the following is a feature of public goods?
Consumption of one person does not affect the consumption of another person.
These goods are limited in supply.
Only tax payers can get the benefit of public goods.
These goods are more competitive.
(Q5) General Knowledge » Economy
Which of the following is NOT a feature of National Income?
It is included only in intermediate goods.
It is always expressed with reference to the financial year.
It is a flow concept.
It is a macroeconomic concept.
(Q6) General Knowledge » Economy
In a food chain, secondary producers are ______.
herbivores
omnivores
decomposers
carnivores
(Q7) General Knowledge » Economy
'Modernisation’ as a goal of planning in context of the Indian economy was NOT aimed at:
change in social outlook
increase in production of goods and services
adopting a Western lifestyle
use of new technology
(Q8) General Knowledge » Economy
Goods and services tax (GST) became operational from ______.
1 July 2017
1 April 2017
1 May 2016
1 April 2016
(Q9) General Knowledge » Economy
The Balance of Payment Account of an economy is related to the ____________.
agriculture sector
government sector
external sector
private sector
(Q10) General Knowledge » Economy
Savings deposits with Post Office savings banks are included in which measure of money supply?
M4
M2
M3
M1
(Q11) General Knowledge » Economy
The interest rate at which the Reserve Bank of India provides overnight liquidity to banks is called ________.
Leverage rate
Marginal standing facility rate
Reverse repo rate
Repo rate
(Q12) General Knowledge » Economy
When expenditure exceeds revenue, the budget is said to be in _______.
deficit
surplus
reserve
debt
(Q13) General Knowledge » Economy
Which of the following functions of government budget is associated with distribution of income?
I. Allocation function
II. Redistribution function
Both I and II
Only II
Neither I nor II
Only I
(Q14) General Knowledge » Economy
Gross primary deficit can be expressed as ______.
Revenue deficit + Capital expenditure
Capital expenditure – Revenue deficit
Gross fiscal deficit – Net interest liabilities
Gross fiscal deficit + Net interest liabilities
(Q15) General Knowledge » Economy
During the period between 1950 and 1990, the proportion of GDP contributed by agriculture significantly ____.
remained constant
doubled
declined
increased
(Q16) General Knowledge » Economy
Joint Liability Group is usually an informal group that consists of _________ individuals who seek loans against mutual guarantee.
15-20
20-30
1-3
4-10
(Q17) General Knowledge » Economy
In which Five-Year Plan, was the Mahalanobis Model started?
Fourth
Second
Third
First
(Q18) General Knowledge » Economy
Which of the following organisations of the Government of India has been reporting the GDP at factor cost and at market prices?
NITI Aayog
Central Statistics Office
National Sample Survey Organisation
Reserve Bank of India
(Q19) General Knowledge » Economy
The Industrial Policy Resolution 1956, classified industries into how many categories?
3
6
5
4
(Q20) General Knowledge » Economy
Which of the following is NOT the component of the capital expenditure of the Government?
Expenditure on the acquisition of machinery
Expenditure on the acquisition of building
Expenditure on the acquisition of land
Interest payments