A-banking operations
B-communication networking
C-military strategies
D-supply and demand of agricultural products
Ans- A
Q. 2 - The sales tax we pay while purchasing a Soap is a-
A-tax imposed by the Central Government.
B-tax imposed by the Central Government but collected by the State Government
C-tax imposed by the State Government but collected by the Central Government
D-tax imposed and collected by the State Government
Ans- D
Q. 3 - The main objective of the 12th Five-Year Plan is-
A-inclusive growth and poverty reductions
B-inclusive and sustainable growth
C-sustainable and inclusive growth to reduce unemployment
D-Faster, sustainable and more inclusive growth.
Ans-D
Q. 4 - Which of the following organizations brings out the publication known as ‘World Economic Outlook’?
A-The International Monetary Fund
B-The United Nations Development Programme
C-The World Economic Forum
D-The World Bank
Ans- A
Q. 5 - The Supply Curve is upward-sloping because-
A-As the price increases, so do costs.
B-As the price increases, consumers demand less.
C-As the price increases, suppliers can earn higher levels of profit or justify higher marginal costs to produce more.
D-None of the Above
Ans- C
Q. 6 - Priority Sector Lending by banks in India constitutes the lending to-
A-agriculture
B-micro and small enterprises
C-weaker sections
D-All of the above
Ans- D
Q. 7 - Supply of money remaining the same when there is an increase in demand for money, there will be
A-a fall in the level of prices
B-an increase in the rate of interest
C-a decrease in the rate of interest
D-an increase in the level of income and employment
Ans- B
Q. 8 - The balance of payments of a country is a systematic record of
A-all import and export transactions of a country during a given period of time, normally a year
B-goods exported from a country during a year
C-economic transaction between the governments of one country to another
D-capital movements from one country to another
Ans- A
Q. 9 - In India, deficit financing is used for raising resources for
A-economic development
B-redemption of public debt
C-adjusting the balance of payments
D-reducing the foreign debt
Ans- A
Q. 10 - Inclusive growth is a phrase used in India’s
1-8th plan
2-10th plan
3-11th Plan
4-12th Plan
Answer choices
A- 1, 2, 3
B- 2 & 4
C- 3 & 4
D- 3 only
Ans- C
