Indian Economy Quiz Set 4
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Which of the following could assist economic growth in developing countries?
An increase in the rate of taxation
Decrease in foreign investment
Decrease in the terms of trade
An increase in the level of education
Which among the following is a most suitable example of double counting in national income ?
Wages of bus and train drivers
Cotton output and cotton cloth output
Electricity output and water output
Tax receipts and earnings of inland revenue officials.
‘Disguised unemployment’ refers to:
persons with no jobs
more persons employed for a job which a few can accomplish
unemployment among women
unemployment of people above 60 years of age
Tarapore Committee submitted its report on “Full Convertibility on Rupee” in-
Both in current as well as in capital account
Special Drawing Rights (SDRs)
Which one at the following is responsible for the preparation and presentation of Union Budget to the Parliament?
Department of Revenue
Department of Economic Affairs
Department of Financial Services
Department of Expenditure
Inflation, in theory, occurs:
when the price of essential commodities outstrips income
when money supply grows at a higher rate than GDP in real terms
when the exchange rate of a currency falls
when fiscal deficit exceeds balance of payment deficit
Among the supply side measures to contain inflation is:
postponing public expenditure
mopping up excess liquidity through taxation
credit control measures of RBI
maintaining price levels through an effective PDS
What is the name of the mobile company which was acquired by Sony?
Which of the following can’t be classified as an objective of business?
Which of the following is not an internal factor for industrial sickness?
Wrong dividend policy
Diversion of funds
The price at which the Government purchase foodgrains for maintaining the public distribution system and for building up buffer stocks are known as
Minimum support prices
Which one of the following agencies assigns the Agricultural Income Tax to states in India?
Inter – State council
National Development Council
Agriculture Finance Corporation
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