Dear Readers,
1-GDP stands for:
a) Gross Domestic Profit
b) Gross Domestic Product
c) Gross Domestic Performance
d) Gross Domestic Protocol
Answer: b
2-Which organization is responsible for issuing currency notes in India?
a) Reserve Bank of India (RBI)
b) Securities and Exchange Board of India (SEBI)
c) State Bank of India (SBI)
d) Ministry of Finance
Answer: a
3-Inflation is defined as a sustained increase in the general _______ level.
a) Price
b) Wage
c) Interest
d) Production
Answer: a
4-The fiscal year in India starts from:
a) January 1st
b) April 1st
c) July 1st
d) October 1st
Answer: b
5-What is the main objective of the Goods and Services Tax (GST) in India?
a) To reduce corruption
b) To promote export-oriented industries
c) To simplify the tax structure
d) To control inflation
Answer: c
6-What does the abbreviation FDI stand for in the context of the Indian economy?
a) Foreign Development Investment
b) Fiscal Development Initiative
c) Financial Debt Instrument
d) Foreign Direct Investment
Answer: d
7-The Reserve Bank of India (RBI) is responsible for:
a) Controlling fiscal policies
b) Regulating the stock market
c) Ensuring price stability and monetary policy
d) Managing foreign trade agreements
Answer: c
8-Which of the following is considered a direct tax in India?
a) Goods and Services Tax (GST)
b) Corporate tax
c) Customs duty
d) Excise duty
Answer: b
9-The Prime Minister's Economic Advisory Council (PMEAC) provides advice to the:
a) President of India
b) Prime Minister of India
c) Finance Minister of India
d) Reserve Bank of India (RBI)
Answer: b
10-Which of the following is a component of the Money Supply (M3) in India?
a) Currency with the public
b) Time deposits with banks
c) Demand deposits with banks
d) All of the above
Answer: d
0 comments:
Post a Comment
MAHENDRA GURU