2. The ‘Interest Rate Policy’ is a component of
Anonymous Quiz
3%
a) Direct Control
65%
b) Monetary Policy
29%
c) Fiscal Policy
4%
d) Trade Policy
3. When the 1st Industrial Policy was introduced?
Anonymous Quiz
22%
a. 1951
49%
b. 1948
14%
c. 1991
15%
d. 1956
4. If we compare GDP and GNP, then
Anonymous Quiz
31%
(A) GNP = GDP – net income from abroad
56%
(B) GNP = GDP + net income from abroad
8%
(C) GNP = NNP – net income from abroad
6%
(D) GNP = NNP + net income from abroad
5. A TV set purchased from a retail store is an example of
Anonymous Quiz
9%
(A) Intermediate goods
19%
(B) Capital goods
5%
(C) Surplus goods
66%
(D) Final goods
7. National Development Council was set up in:
Anonymous Quiz
10%
(A) 1948
20%
(B)1950
33%
(C) 1951
38%
(D) 1952
8. The National Development Council gets its administrative support from:
Anonymous Quiz
68%
(A) Planning Commission
12%
(B) Finance Commission
18%
(C) Administrative Reforms Commission
2%
(D) Sarkaria Commission
9. The Planning Commission is
Anonymous Quiz
3%
(A) a Ministry
11%
(B) a Government department
80%
(C) an Advisory body
7%
(D) an Autonomous Corporation
10. Planning in India derives its objectives from:
Anonymous Quiz
4%
(A) Fundamental Rights
83%
(B) Directive Principles of State policy
9%
(C) Fundamental Duties
4%
(D) Preamble
11. How the interest-level of a country is affected by FDI ?
Anonymous Quiz
46%
a) there is increase or decrease
15%
b) decreases
25%
c) increases
13%
d) remains unaffected
12. The Goods and Services Tax (GST) in India was implemented in which year?
Anonymous Quiz
6%
a) 2015
14%
b) 2016
77%
c) 2017
3%
d) 2018
13. Which of the following is an example of a supply-side policy in India?
Anonymous Quiz
40%
a) Increasing public expenditure
24%
b) Tax reforms
27%
c) Devaluation of currency
9%
d) Increasing interest rates
14. The term 'Balance of Payments' includes which of the following?
Anonymous Quiz
8%
a) Trade Balance only
4%
b) Capital Account only
84%
c) Current Account and Capital Account
4%
d) Government Budget only
15. Which of the following is NOT included in India’s National Income?
Anonymous Quiz
10%
a) Net Factor Income from Abroad
82%
b) Black Money
6%
c) Income from Agriculture
2%
d) Income from Services
16. What is the main objective of the Monetary Policy in India?
Anonymous Quiz
73%
a) Control inflation
6%
b) Reduce poverty
17%
c) Increase government revenue
3%
d) Improve infrastructure
17. Which sector contributes the most to India’s GDP?
Anonymous Quiz
17%
a) Agriculture
9%
b) Industry
71%
c) Services
4%
d) Manufacturing
18. What does the term ‘Fiscal Deficit’ refer to?
Anonymous Quiz
5%
a) Total government expenditure
1%
b) Total government revenue
92%
c) The excess of government expenditure over revenue (excluding borrowings)
3%
d) The difference between exports and imports
19. Which of the following is a direct tax in India?
Anonymous Quiz
4%
a) Excise Duty
6%
b) Customs Duty
84%
c) Income Tax
6%
d) Service Tax
20. Which institution is responsible for controlling monetary policy in India?
Anonymous Quiz
6%
c) Planning Commission
12%
a) Ministry of Finance
78%
b) Reserve Bank of India
4%
d) Securities and Exchange Board of India