Previous Year Questions | SSC CGL | Economics | Agriculture
Set - 01
1. Value of total goods and services produced in a country is its .....
1. Gross Domestic Product
2. Gross Revenue Income
3. Total Goods Revenue
4. Total Income
Ans : 1
2. The Arthashastra was written by
1. Chanakya
2. Kalidasa
3. Harsha Vardhana
4. Vatsyayana
Ans : 1
3. Which among the following is a characteristic of Laissezfaire system ?
1. No Government intervention
2. Market forces are highly regulated
3. It is a socialist system
4. Maximum Government intervention
Ans : 1
4. Lowering of value of currency relative to a foreign reference currency is called ....
1. Devaluation
2. Revaluation
3. Down valuation
4. Negative valuation
Ans : 1
5. Who generally presents the Finance Budget in Indian Parliament ?
1. RBI Governor
2. Budget Minister
3. Finance Minister
4. Finance Secretary
Ans : 3
6. The goods which people consume more , when their price rises are called ...
1. Essential goods
2. Capital goods
3. Veblen goods
4. Giffen goods
Ans : 4
7. If cash reserve ratio decreases , credit creation will ....
1. Increase
2. Decrease
3. Does not change
4. First decreases than increases
Ans : 1
8. Stagflation is defined as
1. Low inflation , low growth , low unemployment
2. High inflation , low growth , high unemployment
3. High inflation , high growth , high unemployment
4. Low inflation , high growth , low unemployment
Ans - 2
9. Which among the following does not count in the development expenditure of government ?
1. Expenditure on economic service
2. Expenditure on social services
3. Grant to states
4. Defence expenditure
Ans - 4
10. Balance of Trade is the difference between
1. Country's income and exemse
2. Country's exports and imports
3. Country's tax revenue and expense
4. Country's capital inflow and outflow
Ans - 2
11. Which bill cannot originate in Rajya Sabha ?
1. Constitutional Amendment Bill
2. Ordinary bill
3. Fundamental bill
4. Money bill
Ans - 4
12. Which among the following is not a component of balance sheet ?
1. Total issued capital
2. Cash held at the bank
3. Value of raw materials held
4. Revenue from sales of the company's products
Ans - 4
13. Birth rate in a country is defined as
1. Number of births per 100 in 1 year
2. Number of births per 1000 in 1 year
3. Number of births per km of area in 1 year
4. Number of births per 100 km of area in 1 year
Ans - 2
14. Which law states that bad money drives good money out of circulation ?
1. Wagner's law
2. Grimm's law
3. Gresham's law
4. Keynes law
Ans - 3
15. An increase in the growth rate of the nominal money supply results in
1. Lower rate of inflation
2. Higher rate of inflation
3. Lower interest rate
4. Currency appreciation
Ans - 2
16. Economics assumes that
1. People have unlimited desires but limited resources
2. People have limited desires but unlimited resources
3. Allocation of resources of not centrally planned will cause inefficiency
4. People are emotional and make irrational decisions
Ans - 1
17. Which year was the first five year plan launched in india ?
1. 1921
2. 1931
3. 1941
4. 1951
Ans - 4
18. Which of the following is not an assumption of perfect competition ?
1. There are many buyers and sellers
2. Average total costs continually decrease
3. The good sold by all sellers in the market is assumed to be homogeneous.
4. Buyers and sellers in the market are assumed to have perfect information.
Ans - 2
19. Chanakya was known as
1. Rajasekhara
2. Tejasvi
3. Kautilya
4. Vatsyayana
Ans - 3
20. Who among the following is also the chairman of the planning Commission ?
1. Defence Minister
2. Attorney General
3. Prime Minister
4. Finance Minister
Ans - 3
21. Unemployment that arises when there is a general downturn in business activity is known as
1. Structural unemployment
2. Frictional unemployment
3. Cyclical unemployment
4. Disguised unemployment
Ans - 3
22. The law of demand states that
1. If the price of a good increases , the demand for that good decreases.
2. If the price of a good increases , then the demand for that good increases.
3. If the price of a good increases , the quantity demanded of that good decreases.
4. If the price of a good increases , the quantity demanded of that good increases.
Ans - 3
23. At the equilibrium price
1. Quantity demanded = quantity supplied
2. Quantity demanded < quantity supplied
3. Elasticity of demand = elasticity of supply
4. Price elasticity of demand is unity
Ans - 1
24. The tax is entirely borne by the entity it is levied upon and cannot be passed .
1. Direct tax
2. Indirect tax
3. Straight tax
4. Advance tax
Ans - 1
25. The demand curve facing a perfectly competitive firm is
1. Downward sloping
2. Perfectly inelastic
3. A concave curve
4. Perfectly elastic
Ans - 1
Set - 02
1. Name the first indian to get Nobel prize in economics.
1. Amartya Sen
2. C V Raman
3. Mihir Sen
4. Arun Shourie
Ans - 1
2. In perfect Competition a firm maximizes profit by
1. Setting price such that price is equal to or greater than its marginal costs
2. Setting output such that price equals marginal costs
3. Setting output such that price equals marginal costs
4. Setting price so that it is greater than marginal cost
Ans - 3
3. A price floor is
1. A maximum legal price
2. A minimum legal price
3. The price where demand equals supply
4. The price where elasticity of demand equals elasticity of supply
Ans - 2
4. First country to impose carbon tax is
1. Australia
2. USA
3. Iceland
4. New Zealand
Ans - 4
5. Micro Economics deals with
1. The circular flow of income
2. The decision making of a single economic variable like demand
3. Understanding unemployment
4. Economic growth
Ans - 2
6. Is a good whose quantity demanded decreases when Consumer income rises.
1. Veblen good
2. Normal good
3. Exclusive good
4. Inferior good
Ans - 4
7. In Economic equilibrium
1. Supply is equal to the demand
2. The surplus is larger than the shortage
3. Elasticity of demand equals elasticity of supply
4. Price elasticity of demand is unity
Ans - 1
8. The Look East Policy in India was started by which of the following prime ministers ?
1. Rajiv Gandhi
2. Atal Bihari Vajpayee
3. P. V. Narasimha Rao
4. Manmohan Singh
Ans - 3
9. At same money supply if the government reduces the tax rate which of the following is true ?
1. Government revenues will surely fall
2. Disposable income will surely increase
3. Budget deficit will surely fall
4. Budget surplus will surely fall
Ans - 2
10. Is the unemployment which exists in any economy due to people being in the process of moving from one job to another.
1. Seasonal unemployment
2. Cyclical unemployment
3. Frictional unemployment
4. Structural unemployment
Ans - 3
11. Who wrote the book - " The Argumentative Indian " ?
1. Amartya Sen
2. Anita Desai
3. Arun Shourie
4. Arundhati Rao
Ans - 1
12. The unemployment created at certain times of the year , when the demand for goods and services are lower than normal , is ......
1. Cyclical unemployment
2. Frictional unemployment
3. Seasonal unemployment
4. Structural unemployment
Ans - 3
13. Picture of which US President is on the 5 dollar note ?
1. George Washington
2. Thomas Jefferson
3. Abraham Lincoln
4. Andrew Jackson
Ans - 3
14. Government borrowing to finance budget deficits ....
1. Will exert downward pressure on interest rates
2. Will have no effect on interest rates
3. Will increase supply of loanable funds
4. Will put upward pressure on interest rates
Ans - 4
15. ..... Recommended change in the structure and working of BCCI .
1. Lodha Committee
2. Parekh committee
3. Sena committee
4. Akhil committee
Ans - 1
16. Full employment is the level at which there is
1. No frictional unemployment
2. No cyclical unemployment
3. No structural unemployment
4. No unemployment
Ans - 2
17. Ad Valorem tax is levied on ?
1. Value
2. Volume
3. Production
4. Export
Ans - 1
18. If money supply growth is faster than real GDP growth , it results in ...
1. Inflation
2. Deflation
3. Budget surplus
4. Budget deficit
Ans - 1
19. ATM stands for
1. Any Time Money
2. Auto Technology Money
3. Automated Teller Machine
4. Automatic Transaction Machinery
Ans - 3
20. Who is the chairman of NITI Aayog ?
1. President
2. RBI Governor
3. Finance secretary
4. Prime Minister
Ans - 4
21. If tea companies start using mechanised tea leave pickers
1. More people would want to work as tea leave pickers
2. Unemployment of tea leave pickers will decrease
3. More tea will be produced per acre
4. Then wages for manual tea leave pickers will fall
Ans - 4
22. The SLR is determined by the RBI . SLR stands for
1. States Leverage Return
2. Saving Lease Rate
3. Statutory Liquidity Ratio
4. Safe Legal Range
Ans - 3
23. Is an Indian Government Savings Bond , primarily used for small savings and income tax saving Investments in India.
1. Provident Fund
2. Life Insurance Policies
3. National Saving Certificate
4. Long Term Government bonds
Ans - 3
24. During a recession ...
1. Producers will be cautiously optimistic.
2. There will be decrease in inventory
3. There will be capacity under utilization.
4. There will be expansion in bank credit.
Ans - 3
25. Renowned Businessmen , Mr. Deepak Parekh is primarily associated in the .... Sector .
1. Telecom
2. Aviation
3. Banking
4. Insurance
Ans - 3
Set - 03
Agriculture
1. Verghese Kurien is related to
1. Blue Revolution
2. White Revolution
3. Yellow Revolution
4. Green Revolution
Ans - 2
2. Blue Revolution is related to
1. Fish production
2. Milk production
3. Oilseed production
4. Fertilizer production
Ans - 1
3. Blue and White Revolution is related with
1. Fish and fertilizer
2. Milk
3. Fish and milk
4. Fish and agriculture
Ans - 3
4. Brown Revolution is called as
1. Fodder Revolution
2. Increase in sea products
3. Increase in fertilizer production
4. Increase in milk production
Ans - 3
5. Golden Revolution is related with
1. Rearing of lagoons
2. Agriculture of flowers
3. Beekeeping
4. Grapes production
Ans - 2
6. Which type of product does CACP recommend minimum support price for ?
1. Industrial products
2. Agricultural products
3. Pharmaceuticals products
4. None
Ans - 2
7. In which matter green revolution has achieved maximum success.
1. Sugarcane
2. Pulses
3. Wheat
4. Rice
Ans - 3
8. The cattle rearing along with farming is called.
1. Mixed farming
2. Mixed agriculture
3. Dairy farming
4. Truck agriculture
Ans - 1
9. In Indian Agriculture High Yielding Variety Programme was started in ...
1. 1968
2. 1967
3. 1966
4. 1965
Ans - 3
10. AGMARK is a guarantee of standard
1. Quality
2. Quantity
3. Weight
4. Size
Ans - 1
11. The implementation of "jawahar Rojgar Yojana" rests with
1. Gram panchayats
2. District collectors
3. State Governments
4. Union Government
Ans - 4
12. The nature of unemployment in agriculture in india is
1. Only seasonal
2. Only disguised
3. All
4. None
Ans - 1
13. Indian agriculture is typically characterised as
1. Land surplus , Labour Scarce Economy
2. Land Surplus , Labour Surplus Economy
3. Land scarce , Labour Surplus Economy
4. Land scarce , Labour Scarce Economy
Ans - 3
14. Kisan Credit Card Scheme was introduced in
1. 1991
2. 1996
3. 1998
4. 2000
Ans - 3
15. What is 'AGMARK' ?
1. It is a marketing seal issued on the graded agricultural commodity
2. It stands for Agricultural Marketing
3. It represents agricultural management and regulation
4. None
Ans - 2
16. Commercialisation of agriculture implies
1. Cultivation of timbers
2. Plantation
3. Production of crops for sale
4. Production of crops like wheat or rice
Ans - 3
17. Malthusian theory of population explored the relationship between
1. Food supply and technology
2. Food supply and population growth
3. Population growth and development
4. Optimum growth and resources
Ans - 2
18. ISI mark is not given to which of the following products ?
1. Electric goods
2. Hosiery goods
3. Biscuits
4. Cloth
Ans - 3
19. Structural unemployment arises due to
1. Deflationary conditions
2. Heavy industry bias
3. Shortage of raw materials
4. Inadequate productive capacity
Ans - 4
20. What was the objective of Command Area Development Programme ?
1. To ensure that land is given to the tillers
2. To ensure better utilisation of irrigation potential
3. To develop the areas under the command of Army
4. Poverty alleviation in selected areas
Ans - 2
21. Production is at socially ideal level under :
1. Monopolistic Competition
2. Monopoly
3. Oligopolistic Competition
4. Perfect Competition
Ans - 4
22. Which one of the following is a residual earnings ?
1. Rent
2. Profit
3. Wage
4. Interest
Ans - 2
23. New firms are barred from entering the market in :
1. Perfect Competition
2. Oligopoly
3. Monopolistic Competition
4. Monopoly
Ans - 4
24. Who says : 'The propensity to consume is stable in the short run' ?
1. Keynes
2. Hicks
3. Arrow
4. Stiglitz
Ans - 1
25. The supply of a commodity does not depend directly upon :
1. Cost of production
2. Price of the commodity
3. Technology of production
4. Demand for the commodity
Ans - 4
Set - 04
1. The concept of ' Vicious Circle of Poverty ' is related to
1. Karl marx
2. Nurkse
3. Adam Smith
4. None
Ans - 2
2. Fiscal policy in india is formulated by
1. The Reserve Bank of India
2. The Planning Commission
3. The Finance Ministery
4. The Securities and Exchange Board of India
Ans - 3
3. In terms of economy , the visit by foreign Nationals to witness the XIX Commonwealth Games in India amounted to :
1. Export
2. Import
3. Production
4. Consumption
Ans - 1
4. Karl Marx explained the process of class struggle with the help of which one of the following theories ?
1. Empirical liberalism
2. Extentialism
3. Darwin's theory or evolution
4. Dialectical materialism
Ans - 4
5. A 'closed economy' is an economy in which :
1. The money supply is fully controlled
2. Deficit financing takes place
3. Only exports take place
4. Neither exports nor imports take place
Ans - 4
6. In india , which of the following is regulated by the Forward Markets Commission ?
1. Currency Futures Trading
2. Commodities Futures Trading
3. Both Commodities Futures Trading and Financial Futures Trading
Ans - 2
7. In the context of independent India's economy , which one of the following was the earliest event to take place ?
1. Nationalisation of insurance companies
2. Nationalisation of State Bank of India
3. Enactment of Banking Regulation Act
4. Introduction of First Five Year Plan
Ans - 3
8. Which one of the following committees recommended the abolition of reservation of items for the small scale sector in industry ?
1. Abid Hussain Committee
2. Narsimhan committee
3. Nayak committee
4. Rakesh Mohan committee
Ans - 1
9. The book ' The argumentative Indian is written by :
1. Mulk raj Anand
2. Dan Brown
3. Bimal Jalan
4. Amartya Sen
Ans - 4
10. Who is called the Father of Modern Economics ?
1. Adam Smith
2. Marshall
3. Keynes
4. Robbins
Ans - 1
11. Who among the following released Citizens guide to fight corruption ?
1. Ministry of Family Welfare
2. Consumer Co-operative societies
3. Central Vigilence commission
4. Transparency International
Ans - 4
12. Public Distribution System (PDC) is aimed at :
1. Providing food security to the poor
2. To prevent hoarding and black marketing
3. To prevent overcharging by traders
4. All
Ans - 4
13. Who is called the pioneer of liberalization of Indian economy ?
1. Dr. Man Mohan Singh
2. P. V. Narsimha Rao
3. Dr. Bimal Jalan
4. P. Chidambaram
Ans - 1
14. Motivations given to multinational companies in India means encouragement of :
1. Privatization
2. Globalization
3. Liberalization
4. All
Ans - 4
15. Which of the following is not a part of the second generation of 'Economic Reforms' identified by the Government ?
1. Oil-sector reforms
2. Public sector reforms
3. Reforms of Government and public Institutions
4. Legal system reforms
Ans - 4
16. Which of the following is not a measure of reducing inequalities ?
1. Minimum needs programme
2. Liberalization of economy
3. Taxation
4. Land reforms
Ans - 2
17. Under Gadgil Mukherjee formula the higher weightage is given to :
1. Performance
2. Per Capita Income
3. Population
4. Special problems
Ans - 3
18. Who was the author of the book ' India 's Economic Policy : The Gandhian Blue Print ' ?
1. Chaudhary Charan Singh
2. Jai Prakash Narayan
3. Man Mohan Singh
4. Acharya Vinobha Bhave
Ans - 1
19. "Golden Hand Shake Scheme" in India is related with :
1. Voluntary Retirement
2. Indian Gold Dealers
3. Foreign Gold Dealers in India
4. Promoting Trade in Gold
Ans - 1
20. J. J. Irani Committee has been set up to suggest changes in :
1. India Telegraph Act
2. Cable Act
3. Companies Act
4. Patent Act
Ans - 3
21. The view that planning in India should in future pay more attention to the people than to commodities was given by :
1. Amartya Sen
2. Yashwant Sinha
3. Atal behari Vajpayee
4. Man Mohan Singh
Ans - 1
22. Who got the 1988 Nobel prize in Economics ?
1. Solow
2. Marshall
3. Amartya Sen
4. Paul Samuelson
Ans - 3
23. C. Rangachari committee is associated with which one of the following ?
1. Pricing and taxation of petroleum products
2. Estimation of Money supply
3. Tax Structure
Ans - 1
24. Which one of the following situations makes a firm most efficient ?
1. Falling average cost
2. Raising average cost
3. Constant average cost
4. Lowest average cost
Ans - 4
25. A community's stock of wealth is accounted for by the :
1. Aggregate of capital and consumer goods
2. Gross Investment minus depreciation
3. Standard of living of the people
4. Net increase in invisible and intangible goods
Ans - 1
Set - 05
1. Who among the followings was the chairman of high level commission on competition policy and law ?
1. Bimal jalan
2. C. Rangachari
3. Y. V. Reddy
4. S. V. S. Raghavan
Ans - 4
2. Muhammad Yunus of Bangladesh who was awarded Nobel Prize a few years back is famous :
1. Author
2. Scientist
3. Social worker
4. Economist
5. None
Ans - 4
3. Which of the following terms is NOT used in Economics ?
1. Balance of Trade
2. Break Even
3. Fiscal Deficit
4. Capital Account
5. Centrifugal Force
Ans - 5
4. Who amongst the following economist gave the concept of ' economics of sale ' which says , many goods and services can be produced more cheaply in long series ?
1. Edward C. Prescott
2. Amartya Sen
3. Gary S. Bekher
4. Edmund S. Phelps
5. Paul Krugman
Ans - 5
5. When the growth of GDP in a country slows down suddenly , people start losing their jobs and the situation continues for several weeks , what name is given to this State of economy ?
1. Inflation
2. Recession
3. Deflation
4. Economic boom
5. None
Ans - 2
6. Which of the following committees recommended the revival of co-operative credit institution in states ?
1. Vaidyananthan committee
2. Rangrajan committee
3. Sachchar committee
4. Rakesh Mohan committee
5. None
Ans - 1
7. Many times we read in financial newspaper FLL. What is the full form of FLL.
1. Final Investment In India
2. Foreign Investment In India
3. Foreign Institutional Investment
4. Fair Institutional Investment
Ans - 3
8. Utility in economics means the capacity to :
1. Provide comforts
2. Earn in income
3. Satisfy human wants
4. Satisfy human motives
Ans - 3
9. When the price of commodity falls , we can expect :
1. The supply of it to increase
2. The demand for it to fall
3. The demand for it to stay constant
4. The demand for it to increase
Ans - 4
10. The excess of price - a person is to pay rather than fare go the consumption of the commodity is called :
1. Price
2. Profit
3. Producer's surplus
4. Consumer's surplus
Ans - 3
11. 'Economics is what it ought to be ; . This statement refer to :
1. Normative Economics
2. Positive Economics
3. Monetary Economics
4. Fiscal Economics
Ans - 1
12. The terms 'Micro Economics' and 'Macro Economics' were coined by :
1. Alfred Marshall
2. Ragnar Nurkse
3. Ragnar Frisch
4. J. M. Keynes
Ans - 3
13. A 'want' becomes a 'demand' only when it is backed by the :
1. Ability to purchase
2. Necessity to buy
3. Desire to buy
4. Utility of the product
Ans - 1
14. Labour intensive Technique would get choosen in a :
1. Labour Surplus Economy
2. Capital Surplus Economy
3. Developed Economy
4. Developing Economy
Ans - 1
15. Which from the following is not true when the interest rate in the economy goes up ?
1. Saving increases
2. Lending decreases
3. Cost of production increases
4. Return on capital increases
Ans - 4
16. Surplus earned by a factor other than land in the short period is referred to as :
1. Economic rent
2. Net Rent
3. Quasi-Rent
4. Super-Normal rent
Ans - 3
17. Opportunity cost of production of a commodity is :
1. The cost that the firm could have incurred when a different techniques was adopted
2. The cost that the firm could have incurred under a different method of production
3. The actual cost incurred
4. The next best alternative output sacrificed
Ans - 4
18. If two commodities are complements , than their cross price elasticity is :
1. Zero
2. Positive
3. Negative
4. Imaginary number
Ans - 3
19. Nobel Prize winnings Indian Amartya Sen is known for his work in which area ?
1. Physics
2. Environmental Protection
3. Chemistry
4. Economics
Ans - 4
20. The relationship between the value of money and the price level in an economy is :
1. Direct
2. Inverse
3. Proportional
4. Stable
Ans - 2
21. Homogeneous product is a feature of :
1. Imperfect market
2. Monopoly
3. Oligopoly
4. Perfect Competition
Ans - 4
22. Demonstration Effect Means :
1. Effect of advertisement
2. Imitating effect of consumption
3. Effect of entertainment
4. Effect of an experiment
Ans - 2
23. According to J. A. Schumpeter , entrepreneurs are entitled to enjoy the profit for their ... activities.
1. Innovative
2. Risk taking
3. Risk averting
4. Hand work
Ans - 1
24. In which type of Competition does Marginal Revenue Curve coincide with Average Revenue Curve ?
1. Monopoly
2. Imperfect Competition
3. Perfect Competition
4. Monopolistic Competition
Ans - 3
25. Laissez - faire is a feature of :
1. Socialism
2. Communism
3. Opposite meaning
4. None
Ans - 3
Set - 06
1. Capital information in an economy depends on :
1. Total income
2. Total demand
3. Total saving
4. Total production
Ans - 3
2. Price cost is equal to :
1. Variable cost plus administrative cost
2. Variable cost plus fixed cost
3. Variable cost only
4. Fixed cost only
Ans - 1
3. An expenditure that has been made and can not be recovered is called :
1. Variable cost
2. Opportunity cost
3. Sunk cost
4. Operational cost
Ans - 3
4. Who propounded the 'market law' ?
1. Adam Smith
2. J. B. Say
3. T. R. Malthus
4. David Ricardo
Ans - 2
5. Who among the following is NOT a classical economist ?
1. David Ricardo
2. John Stuart Mill
3. Thomas Malthus
4. John Maynard Keynes
Ans - 4
6. Pro. Amartya Sen was awarded Nobel Prize for his Contribution to the field of :
1. Food and famines
2. Welfare economics
3. Indian economy
4. Poverty
Ans - 2
7. Nobel Prize in which field is NOT paid out of the endowment set up by Dr. Alfred Nobel ?
1. Peace
2. Medicate
3. Chemistry
4. Economics
Ans - 4
8. What is needed for creating demand ?
1. Production
2. Price
3. Income
4. Import
Ans - 2
9. Who said , 'Economics is the science of wealth' ?
1. Adam Smith
2. Robbin
3. J. S. Mill
4. Keynes
Ans - 1
10. 'Interest is a reward for parting with liquidity for a specific period's is according to :
1. Keynes
2. Marshall
3. Haberler
4. Ohlin
Ans - 1
11. Extension or contraction of quantity demanded of a commodity is a result of change in the :
1. Unit price of the commodity
2. Income of the consumer
3. Tastes of the consumer
4. Climate of the region
Ans - 1
12. For price discrimination to be successful , the elasticity of demand for the product in the two markets should be :
1. Same
2. Different
3. Constant
4. Zero
Ans - 2:
13. The " law of demand " expresses :
1. Effect of change in price of a commodity on its demand
2. Effect of change in demand of a commodity on its price
3. Effect of change in demand of a commodity over the supply of its substitute
4. None
Ans - 2
14. When average cost of production falls , marginal cost of production must be :
1. Rising
2. Falling
3. Greater than the average cost
4. Less than the average cost
Ans - 4
15. A fall in damand or rise in supply of a commodity.
1. Increase the price of that commodity
2. Decrease the price of that commodity
3. Neutralises the changes in the price
4. Determines the price elasticity
Ans - 2
16. An exceptional demand curve is one that moves :
1. Upward to the right
2. Downward to the right
3. Horizontally
4. Vertically
Ans - A
17. Production function explains the relationship between :
1. Initial inputs and ultimate output
2. Inputs and ultimate consumption
3. Output and consumption
4. Output and exports
Ans - A
18. In India which of the following taxes is levied by the State Governments ?
1. Excise Duty on liquor
2. Capital gains tax
3. Customs tax
4. Corporation tax
Ans - 1
19. HRIDAY scheme launched by Urban Development Ministry aims at
1. Education of girl child
2. Development of smart cities
3. Urban sewage treatment
4. Development of heritage sites
Ans - 4
20. The industry having the largest Investment in Indian Economy is ?
1. Tea
2. Cement
3. Steel
4. Jute
Ans - 3
21. What is the accounting year of the Reserve Bank of India ?
1. April March
2. June july
3. October September
4. January December
Ans - 2
22. Disguised unemployment in India is mainly related to
1. Agricultural sector
2. Rural Area
3. Factory sector
4. Urban Area
Ans - 1
23. One of the following is also called as World Bank.
1. IMF
2. IBRD
3. WTO
4. IDA
Ans - 2
24. Fixed Foreign Exchange rate can be changed by
1. RBI
2. SEBI
3. Ministry of Finance
4. FIPB
Ans - 1
25. Which institution is known as soft Loan Window of World Bank ?
1. IDBI
2. IDA
3. IMF
4. RBI
Ans - 2
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