Economics/MCQ Indian Economy Set 4 Sample Test,Sample questions

Question:
 In recent years, the capital outlays for the defence service have been

1.increasing steadily

2.going down steeply

3.more or less constant

4.fluctuating frequently

Posted Date:-2021-10-10 08:06:22


Question:
After European Union which another group of countries have come forward for adopting common currency?

1.OPEC

2.Gulf Countries

3.SAARC

4.ASEAN

Posted Date:-2021-10-10 08:06:22


Question:
Among Indian economists who had done pioneering work on national income?

1.Professor Sheroi

2.VKRV Rao

3.Jagdish Bhagwati

4.PN Dhar

Posted Date:-2021-10-10 08:06:22


Question:
An advalorem duty is a tax on the basis of

1.the price of a commodity

2.the unit of a commodity

3.the advertisement expenditure

4.the value added

Posted Date:-2021-10-10 08:06:22


Question:
Banking Ombudsman is appointed by

1.Government of India

2.State Government

3.RBI

4.ECGC

Posted Date:-2021-10-10 08:06:22


Question:
Companies pay corporation tax on their

1.investments

2.incomes

3.production

4.sales proceeds

Posted Date:-2021-10-10 08:06:22


Question:
Economic growth is usually coupled with

1.deflation

2.inflation

3.stagflation

4.hyper inflation

Posted Date:-2021-10-10 08:06:22


Question:
How many industries have been reserved for government sector at present?

1.3

2.4

3.5

4.6

Posted Date:-2021-10-10 08:06:22


Question:
If saving exceeds investment, the national income will

1.fall

2.fluctuate

3.remain constant

4.rise

Posted Date:-2021-10-10 08:06:22


Question:
In the short run, a producer continues his production as long he covers

1.variable cost

2.fixed cost

3.average cost

4.marginal cost

Posted Date:-2021-10-10 08:06:22


Question:
In which of the following years, India switched over to decimal currencies?

1.1955

2.1957

3.1950

4.1956

Posted Date:-2021-10-10 08:06:22


Question:
�Dear Money Policy implies

1.high price level

2.large money supply

3.high production

4.high interest rates

Posted Date:-2021-10-10 08:06:22


Question:
�Excies duties are taxes on

1.sale of commodities

2.import of commodities

3.export of�commodities

4.production of�commodities

Posted Date:-2021-10-10 08:06:22


Question:
�If the price of an inferior good falls, its demand

1.rises

2.falls

3.remains constant

4.can be any of these

Posted Date:-2021-10-10 08:06:22


Question:
�National income in India is complied by

1.Central Statistical Organistion

2.Indian Statistical Institute

3.Finance Commission

4.NDC

Posted Date:-2021-10-10 08:06:22


Question:
�Temporary tax levied to obtain additional revenue is called

1.cess

2.rate

3.fee

4.surcharge

Posted Date:-2021-10-10 08:06:22


Question:
�The basic attribute of a formal organisation is

1.esteem and prestige

2.roles and duties

3.dominance and supremacy

4.rules and regulation

Posted Date:-2021-10-10 08:06:22


Question:
�Which of the following is an indirect tax?

1.Corporation tax

2.Capital gains tax

3.Excise duty

4.Income tax

Posted Date:-2021-10-10 08:06:22


Question:
Joint SAARC University of eight SAARC nations will established in

1.New Delhi

2.Male

3.Colombo

4.Dhaka

Posted Date:-2021-10-10 08:06:22


Question:
Mistry Committee in its final report had recommended full capital account convertibility by

1.2008 end

2.2009 end

3.2010 end

4.2011 end

Posted Date:-2021-10-10 08:06:22


Question:
Most important source of capital formation in India has been

1.household savings

2.public sector savings

3.government revenue surplusrs

4.corporate savings

Posted Date:-2021-10-10 08:06:22


Question:
Narsimham Committee recommendations are regarding which sector?

1.Banking

2.Industries

3.Rural

4.Service

Posted Date:-2021-10-10 08:06:22


Question:
One of the problems in calculating the national India correctly is

1.under employment

2.inflation

3.non-nonetised consumption

4.low saving

Posted Date:-2021-10-10 08:06:22


Question:
Special Drawing Rights (SDRs) relate to

1.the World Bank

2.the Reserve Bank of India

3.the World Trade Organization

4.the international Monetary Fund

Posted Date:-2021-10-10 08:06:22


Question:
The first estimate of national income in India was made by

1.VKRV Rao

2.Mahalanobis

3.Professor Sheroi

4.Dadabhai Naoroji

Posted Date:-2021-10-10 08:06:22


Question:
The Fiscal Policy of India is formulated by

1.RBI

2.SEBI

3.Finance Ministry

4.Planning and regulations

Posted Date:-2021-10-10 08:06:22


Question:
The Goods and Services tax (GST) proposed to be introduced, covers taxes like

1.Trade/Sale Tax

2.service tax

3.service, excise

4.excise, service, VAT

Posted Date:-2021-10-10 08:06:22


Question:
The minimum effect of direct taxes is on

1.food price

2.consumer goods

3.capital goods

4.income

Posted Date:-2021-10-10 08:06:22


Question:
The modal agency for implementing the "Rural Infrastructure Development Fund Programmes" is

1.NABARD

2.State Co-operative Bank

3.RBI

4.SBI

Posted Date:-2021-10-10 08:06:22


Question:
The new Share Price Index (in dollar value) of Mumbai share market is

1.DOLEX

2.UREX

3.FOREX

4.SENSAX

Posted Date:-2021-10-10 08:06:22


Question:
The number of approved share markets in India is

1.24

2.20

3.19

4.23

Posted Date:-2021-10-10 08:06:22


Question:
The per capita income has been low in India because

1.more people are in rural area

2.of population growth

3.of regional imbalances

4.of price rise

Posted Date:-2021-10-10 08:06:22


Question:
Visible and invisible items of debit and credit are the part of

1.import-export policy

2.balance of payment

3.balance of trade

4.annual budget

Posted Date:-2021-10-10 08:06:22


Question:
When was disinvestment started in public enterprises?

1.1990-91

2.1991-92

3.1992-93

4.1956

Posted Date:-2021-10-10 08:06:22


Question:
Which committee recommended abolition of tax rebates under Section 88?

1.Chelliah Committee

2.Kelkar Committee

3.Shome Committee

4.None of these

Posted Date:-2021-10-10 08:06:22


Question:
Which is the most industrially advanced state in India?

1.Maharashtra

2.Punjab

3.Gujarat

4.Tamil Nadu

Posted Date:-2021-10-10 08:06:22


Question:
Which of the following is not a method of estimating national income?

1.Income method

2.Value-added method

3.Expenditure method

4.Export-import method

Posted Date:-2021-10-10 08:06:22


Question:
Which of the following is not a Nuclear Power Centre

1.Narora

2.Kakrapara

3.Chamera

4.Kota

Posted Date:-2021-10-10 08:06:22


Question:
Which of the following taxes is collected by Panchayat?

1.Sales tax

2.Custom duty

3.Land revenue

4.Tax on local fairs

Posted Date:-2021-10-10 08:06:22


Question:
Which of the following taxes is not levied by the Union Government?

1.Wealth tax

2.Profession tax

3.Excise duty

4.Income tax

Posted Date:-2021-10-10 08:06:22


Question:
Which one of the following is a retail banking product?

1.Home loans

2.Working capital finance

3.Corporate term loans

4.Infrastructure financing

Posted Date:-2021-10-10 08:06:22


Question:
Which one of the following is the most important of non-plan expenditure?

1.Interest payment

2.Fertiliser subsidies

3.Loans to public enterprises

4.Defence

Posted Date:-2021-10-10 08:06:22


Question:
Which one the following forms the largest share of deficit of Government of India Budget?

1.Primary deficit

2.Budgetary deficit

3.Fiscal deficit

4.Revenue deficit

Posted Date:-2021-10-10 08:06:22


Question:
Who was the Chairman of National Income Committee?

1.PC Mahaanobis

2.VKRV Rao

3.AM Khusro

4.DR Gadgil

Posted Date:-2021-10-10 08:06:22


Question:
_________ was the first complete Commercial Bank of India.

1.Oudh Commercial Bank

2.Dena Bank

3.Imperial Bank

4.Presidency Bank

Posted Date:-2021-10-10 08:06:22


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  12. Economics Nature and Scope of Economics
  13. Economics Production and Production Function
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  15. Economics Balance of Payments
  16. Economics Central Bank
  17. Economics Equilibrium Of National Income
  18. Economics International Economic Organisations
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  22. Economics Money and Value of Money
  23. Economics Demand and Supply Set-1
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  27. Economics Transport Communication and Human Resources
  28. Economics Wages Rent Interest and Profit
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  30. Economics Great Economists and Their Work Set-1
  31. Economics Great Economists and Their Work Set-2
  32. Economics Market and Revenue Curves
  33. Economics Market Equilibrium
  34. Economics National Income Accounting Set-1
  35. Economics World Economy
  36. Economics National Income Accounting Set-2
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  43. Indian Economy MCQs Part 2
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