Q. The budget deficit refers to the difference between all revenue and expenditure of
1) Revenue account only
2) Capital account only
3) Both revenue and capital accounts
4) Increased government expenditure
Q. Economic planning refers to
1) the mobilisation of taxes
2) the acquisition of taxes
3) the allocation of resources
4) the planning of resources
Q. From which of the following items India export the most?
1) Textile goods
2) Jute
3) IT Services
4) Gems and Jewellery
Q. Indian government is planning to introduce GAAR. What is the purpose of GAAR?
1) Increase rural income
2) Increase agriculture income
3) Regulatory authority for managing agriculture resources
4) Curtail tax avoidance
Q. CPI and WPI as acronyms, refer to -
1) Political Parties
2) Purchasing capacity indices
3) Price indices
4) Poverty indices
Q. Which of these bodies decides the monetary policy in India?
1) Reserve Bank of India
2) Ministry of Finance
3) Ministry of Commerce
4) Ministry of Finance and Commerce
Q. When prices of goods increase, purchasing power of money -
1) Fluctuates
2) Decreases
3) Increase
4) Remains constant
Q. Micro economics deal with -
1) Total units
2) Individual units
3) Partial units
4) Marginal units
Q. Perfectly inelastic demand of a commodity means,
1) the cost of a commodity changes but the demand remains unchanged
2) the price of the commodity does not change with the change in its demand
3) the demand of a commodity does not change with the change in its price
4) the demand of some other commodity changes with the change in the price of one commodity.
Q. The currency of Hungary is _________.
1) Elm
2) Lev
3) Forint
4) Zloty
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