Indian Economy Quiz Set 4
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Question 1 |
Which of the following could assist economic growth in developing countries?
A | An increase in the rate of taxation |
B | Decrease in foreign investment |
C | Decrease in the terms of trade |
D | An increase in the level of education |
Question 2 |
Which among the following is a most suitable example of double counting in national income ?
A | Wages of bus and train drivers |
B | Cotton output and cotton cloth output |
C | Electricity output and water output |
D | Tax receipts and earnings of inland revenue
officials. |
Question 3 |
‘Disguised unemployment’ refers to:
A | persons with no jobs |
B | more persons employed for a job which a few can
accomplish |
C | unemployment among women |
D | unemployment of people above 60 years of age |
Question 4 |
Tarapore Committee submitted its report on “Full Convertibility on Rupee” in-
A | Current account |
B | Capital account |
C | Both in current as well as in capital account |
D | Special Drawing Rights (SDRs) |
Question 5 |
Which one at the following is responsible for the preparation and presentation of Union Budget to the Parliament?
A | Department of Revenue |
B | Department of Economic Affairs |
C | Department of Financial Services |
D | Department of Expenditure |
Question 6 |
Inflation, in theory, occurs:
A | when the price of essential commodities outstrips
income |
B | when money supply grows at a higher rate than
GDP in real terms |
C | when the exchange rate of a currency falls |
D | when fiscal deficit exceeds balance of payment
deficit |
Question 7 |
Among the supply side measures to contain inflation is:
A | postponing public expenditure |
B | mopping up excess liquidity through taxation |
C | credit control measures of RBI |
D | maintaining price levels through an effective PDS |
Question 8 |
What is the name of the mobile company which was acquired by Sony?
A | Nokia |
B | Ericsson |
C | Docomo |
D | Cell one |
Question 9 |
Which of the following can’t be classified as an objective of business?
A | Investment |
B | Productivity |
C | Innovation |
D | Profit earning |
Question 10 |
Which of the following is not an internal factor for industrial sickness?
A | Mismanagement |
B | Power shortage |
C | Wrong dividend policy |
D | Diversion of funds |
Question 11 |
The price at which the Government purchase foodgrains for maintaining the public distribution system and for building up buffer stocks are known as
A | Minimum support prices |
B | Procurement prices |
C | Issue prices |
D | Coiling prices |
Question 12 |
Which one of the following agencies assigns the Agricultural Income Tax to states in India?
A | Inter – State council |
B | National Development Council |
C | Agriculture Finance Corporation |
D | Finance commission |
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