1.
Which instrument was used to measure economic growth during the planning era?
(A)
Per Capita Gross Domestic Product
(B)
Gross Domestic Product
(C)
Per Capita Income
(D)
National Income
2.
The RBI act provides for how many members in RBI Monetary Policy Committee (MPC)?
(A)
6
(B)
5
(C)
8
(D)
4
3.
If tax rate decreases with increase in taxable base, then this type of taxation is called:
(A)
regressive
(B)
increasing
(C)
progressive
(D)
degressive
4.
Growth, as envisaged in the five-year plans, refers to:
(A)
increase in the country’s capacity to produce the output of goods and services within the country
(B)
improvement in the state of equity in the country
(C)
improvement in the level of education and primary health in the country
(D)
self-reliance in producing all goods and services it requires, within its geographical boundaries
5.
Which of the following was NOT one of the factors leading to the economic reforms in 1991?
(A)
There was a fall in India’s foreign reserves.
(B)
There was inflation in the economy.
(C)
There was stagflation in the economy.
(D)
There was a rise in the fiscal deficit of the country.
6.
The adoption of the industrial policy of 1956 coincided with which Five-Year Plan?
(A)
4th Five-Year Plan
(B)
2nd Five-Year Plan
(C)
3rd Five-Year Plan
(D)
1st Five-Year Plan
7.
Why are the intermediate goods NOT included in the National Income?
(A)
Intermediate goods increases the income.
(B)
Intermediate goods decreases the income.
(C)
For the prevention of double accounting.
(D)
Intermediate goods are not reliable.
8.
How much percentage of the capital of MUDRA is contributed by SIDBI?
(A)
75
(B)
50
(C)
100
(D)
90
9.
Taxes like gift tax, wealth tax etc are also referred to as which type of taxes?
(A)
Rich taxes
(B)
Paper taxes
(C)
Paperless taxes
(D)
Direct taxes
10.
As per the decision by the Cabinet Committee on Economic Affairs (CCEA) of the Government of India in 2023, the MSP for Paddy (Common) has been fixed at _________ higher than the last season.
