Dear Readers,
1-In economics, what does GDP stand for?
अर्थशास्त्र में, जीडीपी का क्या अर्थ है?
a) Gross Domestic Profit
b) Gross Domestic Product
c) Government Development Program
d) General Development Principle
Answer: b
2-What is the main function of a central bank?
a) Lending to individuals and businesses
b) Regulating and supervising banks
c) Providing insurance services
d) Setting interest rates for mortgages
Answer: b
3-What is the term used to describe the increase in the general price level of goods and services over time?
a) Inflation
b) Deflation
c) Recession
d) Depression
Answer: a
4-Which of the following is an example of fiscal policy?
a) Changes in interest rates
b) Government spending on infrastructure projects
c) Open market operations by the central bank
d) Regulations on bank lending practices
Answer: b
5-Who has the authority to print and issue currency in a country?
a) Commercial banks
b) Stock exchanges
c) Ministry of Finance
d) Central bank
Answer: d
6-Which of the following is a function of the Supreme Court in a democratic country?
a) Enforcing laws
b) Creating new laws
c) Appointing government officials
d) Interpreting the constitution
Answer: d
7-Which of the following is a fundamental right protected by most democratic constitutions?
a) Right to free education
b) Right to own property
c) Right to healthcare
d) Right to vote
Answer: d
8-What is the term used to describe a situation where the government spends more money than it collects in revenue?
a) Budget surplus
b) Budget deficit
c) Balanced budget
d) National debt
Answer: b
9-Which of the following is an example of a regressive tax?
a) Income tax
b) Value-added tax (VAT)
c) Corporate tax
d) Inheritance tax
Answer: b
10-What is the primary purpose of a central bank's monetary policy?
a) Promoting economic growth
b) Ensuring price stability
c) Reducing unemployment
d) Increasing government revenue
Answer: b
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MAHENDRA GURU