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


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


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

1.Professor Sheroi

2.VKRV Rao

3.Jagdish Bhagwati

4.PN Dhar


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


Question:
Banking Ombudsman is appointed by

1.Government of India

2.State Government

3.RBI

4.ECGC


Question:
Companies pay corporation tax on their

1.investments

2.incomes

3.production

4.sales proceeds


Question:
Economic growth is usually coupled with

1.deflation

2.inflation

3.stagflation

4.hyper inflation


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

1.3

2.4

3.5

4.6


Question:
If saving exceeds investment, the national income will

1.fall

2.fluctuate

3.remain constant

4.rise


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


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

1.1955

2.1957

3.1950

4.1956


Question:
�Dear Money Policy implies

1.high price level

2.large money supply

3.high production

4.high interest rates


Question:
�Excies duties are taxes on

1.sale of commodities

2.import of commodities

3.export of�commodities

4.production of�commodities


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

1.rises

2.falls

3.remains constant

4.can be any of these


Question:
�National income in India is complied by

1.Central Statistical Organistion

2.Indian Statistical Institute

3.Finance Commission

4.NDC


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

1.cess

2.rate

3.fee

4.surcharge


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


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

1.Corporation tax

2.Capital gains tax

3.Excise duty

4.Income tax


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

1.New Delhi

2.Male

3.Colombo

4.Dhaka


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


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


Question:
Narsimham Committee recommendations are regarding which sector?

1.Banking

2.Industries

3.Rural

4.Service


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

1.under employment

2.inflation

3.non-nonetised consumption

4.low saving


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


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

1.VKRV Rao

2.Mahalanobis

3.Professor Sheroi

4.Dadabhai Naoroji


Question:
The Fiscal Policy of India is formulated by

1.RBI

2.SEBI

3.Finance Ministry

4.Planning and regulations


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


Question:
The minimum effect of direct taxes is on

1.food price

2.consumer goods

3.capital goods

4.income


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

1.NABARD

2.State Co-operative Bank

3.RBI

4.SBI


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

1.DOLEX

2.UREX

3.FOREX

4.SENSAX


Question:
The number of approved share markets in India is

1.24

2.20

3.19

4.23


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


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


Question:
When was disinvestment started in public enterprises?

1.1990-91

2.1991-92

3.1992-93

4.1956


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

1.Chelliah Committee

2.Kelkar Committee

3.Shome Committee

4.None of these


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

1.Maharashtra

2.Punjab

3.Gujarat

4.Tamil Nadu


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


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

1.Narora

2.Kakrapara

3.Chamera

4.Kota


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

1.Sales tax

2.Custom duty

3.Land revenue

4.Tax on local fairs


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


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


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


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


Question:
Who was the Chairman of National Income Committee?

1.PC Mahaanobis

2.VKRV Rao

3.AM Khusro

4.DR Gadgil


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

1.Oudh Commercial Bank

2.Dena Bank

3.Imperial Bank

4.Presidency Bank


More MCQS

  1. Class 9th Economics
  2. Class 10th Economics
  3. Economics Development
  4. Social Economics -Development
  5. Sectors of Indian Economy
  6. Indian Economy for Competitive Examinations
  7. Economics Bank System MCQS
  8. Economics National Income MCQS Set-1
  9. Economics National Income MCQS Set-2
  10. Economic Growth and Development
  11. Economics Money Banking and International Trade
  12. Economics Nature and Scope of Economics
  13. Economics Production and Production Function
  14. Economic Development and Planning
  15. Economics Balance of Payments
  16. Economics Central Bank
  17. Economics Equilibrium Of National Income
  18. Economics International Economic Organisations
  19. Economics Business and Finance
  20. Economics Economics and Commercial Geography
  21. Economics International Economic Organisations set-2
  22. Economics Money and Value of Money
  23. Economics Demand and Supply Set-1
  24. Economics Economy of Pakistan
  25. Economics Public Finance
  26. Economics Scale Of Production and Laws of Returns
  27. Economics Transport Communication and Human Resources
  28. Economics Wages Rent Interest and Profit
  29. Economics Demand and Supply Set-2
  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
  37. MCQ Indian Economy Set 5
  38. MCQ Indian Economy Set 1
  39. MCQ Indian Economy Set 2
  40. MCQ Indian Economy Set 3
  41. MCQ Indian Economy Set 4
  42. Indian Economy MCQs Part 1
  43. Indian Economy MCQs Part 2
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