Question - 1
INDIAN ECONOMY:
What is the name given to the common currency of the European Union?
Rupee
Rouble
Franc
Euro
None of the Above
Answer- D
Question - 2
INDIAN ECONOMY:
The Currency of Thailand is
Bhat
Rupiah
Yuan
Yen
None of the Above
Answer- A
Question - 3
INDIAN ECONOMY:
The RBI issues currency notes under the
Fixed Fiduciary System
Maximum Fiduciary System
Minimum Reserve System
Proportional Reserve System
None of the Above
Answer- C
Question - 4
INDIAN ECONOMY:
Dinar is the currency of which of the following countries?
Sudan
Myanmar
Iraq
Pakistan
None of the Above
Answer- C
Question - 5
INDIAN ECONOMY:
Which of the following is the regulator of the credit rating agencies in India?
RBI
SBI
SIDBI
SFBI
None of the Above
Answer- D
Question - 6
INDIAN ECONOMY:
Interest on public debt is a part of
Transfer payments by the enterprises
Transfer payments by the Government
National Income
Interest payment by house-holds
None of the Above
Answer- B
Question - 7
INDIAN ECONOMY:
The ‘break-even point’ is where ____
Marginal revenue equals marginal cost
Average revenue equals average cost
Total revenue equals total cost
Marginal revenue lower than marginal cost
None of these
Answer- A
Question - 8
INDIAN ECONOMY:
Finance Commission id constituted
every year
once in two years
once in four years
once in five years
None of the Above
Answer- D
Question - 9
INDIAN ECONOMY:
Which one of the following is NOT a source of tax revenue in Indian States?
Land Revenue
Motor Vehicle Tax
Entertainment Tax
Corporate Tax
None of the Above
Answer- D
Question - 10
INDIAN ECONOMY:
Service Tax was introduced in India for the first time in the year
1980 - 81
1990 - 91
1991 - 92
1994 - 95
None of the Above
Answer- D
Question - 11
INDIAN ECONOMY:
Which among the following is the exclusive jurisdiction of the State Government?
Corporate Tax
Custom Duty
Sales Tax
Income Tax
None of the Above
Answer- C
Question - 12
INDIAN ECONOMY:
MODVAT is related to
Sales Tax
Wealth Tax
Income Tax
Excise Tax
None of the Above
Answer- D
Question - 13
INDIAN ECONOMY:
The tax on import and export is known as
Income tax
Trade tax
Custom duty
Excise duty
None of the Above
Answer- C
Question - 14
INDIAN ECONOMY:
VAT is imposed
Directly on consumer
On final stage of the production
On first stage of the production
On all stages between production and final sale
None of the Above
Answer- D
Question - 15
INDIAN ECONOMY:
What is the purpose of the India Brand Equity Fund?
To promote in bound tourism
To make ‘Made in India’ a label of quality
To organize trade fairs
To provide venture capital to IT sector
None of the Above
Answer- B
Question - 16
INDIAN ECONOMY:
Capital information in an economy depends on
Total income
Total demand
Total savings
Total production
None of the Above
Answer- C
Question - 17
INDIAN ECONOMY:
Nobel Prize in which field is NOT paid out of the endowment set up by Dr. Alfred Nobel?
Peace
Medicine
Chemistry
Economics
None of the Above
Answer- D
Question - 18
INDIAN ECONOMY:
If two commodities are complements, then their cross-prize elasticity is
Zero
Positive
Negative
Imaginary number
None of the Above
Answer- C
Question - 19
INDIAN ECONOMY:
Many times we read in financial newspaper FII. What is the full form of FII?
Final Investment in India
Foreign Investment in India
Formal Investment in India
Foreign Institutional Investment
None of the Above
Answer- D
Question - 20
INDIAN ECONOMY:
‘Golden Hand Shake Scheme’ in India is related with
Voluntary Retirement
Indian Gold Dealers
Foreign Gold Dealers in India
Promoting Trade in Gold
None of the Above
Answer- A
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