1. Value-added means value of
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83%
a) goods and services less cost of intermediate goods and services
0%
b) output at market prices
17%
c) output at factor cost
0%
d) goods and services less depreciation
2. The ‘Interest Rate Policy’ is a component of
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0%
a) Direct Control
57%
b) Monetary Policy
43%
c) Fiscal Policy
0%
d) Trade Policy
3. When the 1st Industrial Policy was introduced?
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0%
a. 1951
57%
b. 1948
14%
c. 1991
29%
d. 1956
4. If we compare GDP and GNP, then
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14%
(A) GNP = GDP – net income from abroad
71%
(B) GNP = GDP + net income from abroad
14%
(C) GNP = NNP – net income from abroad
0%
(D) GNP = NNP + net income from abroad
5. A TV set purchased from a retail store is an example of
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0%
(A) Intermediate goods
43%
(B) Capital goods
0%
(C) Surplus goods
57%
(D) Final goods
7. National Development Council was set up in:
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33%
(A) 1948
33%
(B)1950
0%
(C) 1951
33%
(D) 1952
8. The National Development Council gets its administrative support from:
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33%
(A) Planning Commission
33%
(B) Finance Commission
33%
(C) Administrative Reforms Commission
0%
(D) Sarkaria Commission
9. The Planning Commission is
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0%
(A) a Ministry
17%
(B) a Government department
83%
(C) an Advisory body
0%
(D) an Autonomous Corporation
10. Planning in India derives its objectives from:
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(A) Fundamental Rights
100%
(B) Directive Principles of State policy
0%
(C) Fundamental Duties
0%
(D) Preamble
11. How the interest-level of a country is affected by FDI ?
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40%
a) there is increase or decrease
20%
b) decreases
40%
c) increases
0%
d) remains unaffected
12. The Goods and Services Tax (GST) in India was implemented in which year?
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20%
a) 2015
20%
b) 2016
60%
c) 2017
0%
d) 2018
13. Which of the following is an example of a supply-side policy in India?
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40%
a) Increasing public expenditure
40%
b) Tax reforms
20%
c) Devaluation of currency
0%
d) Increasing interest rates
14. The term 'Balance of Payments' includes which of the following?
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0%
a) Trade Balance only
0%
b) Capital Account only
100%
c) Current Account and Capital Account
0%
d) Government Budget only
15. Which of the following is NOT included in India’s National Income?
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20%
a) Net Factor Income from Abroad
80%
b) Black Money
0%
c) Income from Agriculture
0%
d) Income from Services
16. What is the main objective of the Monetary Policy in India?
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80%
a) Control inflation
0%
b) Reduce poverty
20%
c) Increase government revenue
0%
d) Improve infrastructure
17. Which sector contributes the most to India’s GDP?
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40%
a) Agriculture
0%
b) Industry
60%
c) Services
0%
d) Manufacturing
18. What does the term ‘Fiscal Deficit’ refer to?
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0%
a) Total government expenditure
0%
b) Total government revenue
100%
c) The excess of government expenditure over revenue (excluding borrowings)
0%
d) The difference between exports and imports
19. Which of the following is a direct tax in India?
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0%
a) Excise Duty
0%
b) Customs Duty
80%
c) Income Tax
20%
d) Service Tax
20. Which institution is responsible for controlling monetary policy in India?
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0%
c) Planning Commission
29%
a) Ministry of Finance
71%
b) Reserve Bank of India
0%
d) Securities and Exchange Board of India