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Q1. The sum of which of the following constitutes Broand money in India?
1. Currency with the public
2. Demand deposits with banks
3. Time deposits with banks
4. Other deposits with RBI
Correct answer : 4
Q2. Among the following taxes which is not considered as a Direct Tax?
Correct answer : 2
Q3. Which of the following are objectives of Macroevonomic policy?
1. Full Employment
2. Price stability
3. Rapid Economic growth
4. Economic justice
Correct answer : 3
Q4. Which of the following is true about MUDRA Bank?
Correct answer : 3
Q5. Which of the following is a direct tax?
1. Wealth Tax
2. Corporate Tax
3. Estate duty
4. Sales Tax
5. Income Tax
6. Excise duty
Correct answer : 2
Q6. Which of the following is the base year in calculation of GDP in India?
Correct answer : 1
Q7. Which of the following is given permission to start payment bank?
Correct answer : 4
Q8. Choose the correct statement :
1. The Fourteenth Finance Commission recommended transfer of 42% of Central Tax to the state government.
2. The Chairman of Fourteenth Finance Commission is Vijay Kelkar.
Correct answer : 1
Q9. Choose the incorrect statement :
1. Asian Development Bank is headquartered in Manila.
2. ADB will finance the increased transmission capacity of cross border electricity link between India and Myanmar.
Correct answer : 2
Q10. Which of the following tax is collected by the Panchayats?
Correct answer : 1
Q11. Open Market Operations means sale and purchase of
Correct answer : 2
Q12. Economics Planning is an essential features of
Correct answer : 3
Q13. Choose the incorrect statement :
Correct answer : 1
Q14. FDI limit in private banks is
Correct answer : 2
Q15. Identify the impacts of Black Money
1. It creates a parallel Economy
2. It leads to misdirection of Natural resources.
Correct answer : 3
Q16. From which of the following countries, the concept of Economic Planning in India is derived?
Correct answer : 1
Q17. Match the following :
List I List II
A. Kelkar Committee 1. Banking Reforms
B. Narasimhan Committee 2. Small savings
C. Tendulkar Committee 3. Tax reforms
D. Shyamala Gopinath 4. Calculation of Poverty Line
Correct answer : 1
Q18. The Original factors of production are
Correct answer : 1
Q19. Which year has a special significance in Indian Economy as far as Economic Reforms are concerned?
Correct answer : 3
Q20. In India the organisation which was responsible for self-sufficiency in food production was
Correct answer : 2
Q21. As explained by Robert Malthus, Population increases in the
Correct answer : 2
Q22. The leading producers of jute in the world is
Correct answer : 1
Q23. Net National Product is
Correct answer : 2
Q24. When a person lives below the minimum subsistence level he is said to live in
Correct answer : 1
Q25. Choose the correct Statement :
1. Green Revolution was launched during Firth Five Year Plan.
2. In India, Poverty Ratio is calculated on the basis of Expenditure Method.
Correct answer : 4
Q26. Choose the right statement :
1. Black Money affects nation's economic growth.
2. Black Money leads to the enhanced calculations of National Income.
Correct answer : 1
Q27. Economic reforms started in India from
Correct answer : 3
Q28. Identify the false statement :
1. The proposed GST tax can be levied only by the central government.
2. Alcohol and petroleum products are kept out of the purview of GST.
3. Implementation of GST requires constitutional Amendment.
4. Both 2 and 3.
Correct answer : 1
Q29. Which of the following constitute the World Bank?
1. International Bank of Reconstruction and Development.
2. International Finance Corporation.
3. International Development Association.
4. International Monetary Fund.
Correct answer : 1
Q30. Gross National Product (GNP) at market price is defined as -
Correct answer : 1
Q31. A rapid increases at the rate of inflation is sometimes attributed to the Base Effect. Which of the following define Base Effect?
Correct answer : 1
Q32. Global Financial Stability Report is prepared by the -
Correct answer : 2
Q33. Which one among the following pairs is not correctly matched?
Correct answer : 4
Q34. Which of the following theories forms the basis of international trade?
1. Absolute cost difference.
2. Comparative cost difference.
3. Opportunity cost.
Select the correct answer using the code given below :
Correct answer : 3
Q35. Next to Punjab, the state which tops in the yield of food grains per hectare is
Correct answer : 1
Q36. The state which leads in agricultural production is
Correct answer : 2
Q37. The total outlay for Nineth Five year plan was
Correct answer : 1
Q38. What is the full form of the term NAFTA?
Correct answer : 2
Q39. The Headquarters of SAARC is located in which city?
Correct answer : 4
Q40. At present, Indian nationals do not require visa for visiting which of the following countries?
Correct answer : 2
Q41. As part of Integrated Rural Development Programme (IRDP), the Central Government has proposed to set up a mini-ITI (Industrial Training Institute) :
Correct answer : 2
Q42. The world's largest Personal Computer Network Service is provided by which of the following?
Correct answer : 3
Q43. Which crop is sown on the largest area in India?
Correct answer : 2
Q44. The Life Insurance Corporation was established on
Correct answer : 2
Q45. The staple food on Indians is
Correct answer : 2
Q46. The area under forest in India is
Correct answer : 4
Q47. Which of the following is the name of the American firm which designed DOS very much in use these days?
Correct answer : 4
Q48. Where is the Tata Institute of Fundamental Research situated?
Correct answer : 1
Q49. Bakra-Nangal dam is built across the river
Correct answer : 2
Q50. Hirakud Project in Orissa is built across the river