Q. Which of the following statements is incorrect about Angel Tax?
1) Angel tax requires start-ups to pay income tax on capital received at a premium to their fair valuation
2) The excess of funds raised by an unlisted company at prices above fair value is treated as income, on which tax is levied
3) Angel tax applies to resident Indian investors only
4) Investments over and above the fair market value are taxed at 22.88%
Q. Which of the following statements is incorrect about the Contingency Risk Buffer (CRB) with the Reserve Bank of India?
1) As per the expert committee to review the extant economic capital framework, CRB is required to be maintained within a range of 6.5 percent to 5.5 percent of RBI's balance sheet.
2) Within the CRB 5.5 percent to 4.5 percent should be maintained for monetary and financial stability risks and 1 percent for credit and operational risks.
3) The Central Board of Directors of RBI decided to keep CRB at 6.0 percent during the accounting year 2022-23.
4) The Central Board of Directors of RBI decided to keep CRB at 6.3 percent during the accounting year 2021-22.
Q. Which state became the first fully digital banking state in India?
1) Tamil Nadu
2) Kerala
3) Karnataka
4) Telangana
Q. Role of Human Resources in Economic development, which of the following statement/s is/are correct?
1. Effects of economic development on population growth.
2. Effects of population growth in economic development.
Select the correct answer using the code given below -
1) Only 1
2) Only 2
3) Both 1 and 2
4) Neither 1 nor 2
Q. 'Agenda-21' of Rio Summit, 1992 is related -
1) Sustainable development
2) Polluter - Pays principle
3) Environmental Education
4) Preservation of ozone layer
Q. Natural resources should be used by the present generation in such a way that if there is minimum degradation of natural resources, then what kind of development would it be called?
1) Economic Development
2) Social Development
3) Sustainable Development
4) Organic Development
Q. Which of the following is not an economic activity?
1) Farming
2) Service
3) Voluntary Social Service
4) Transportation
Q. Which of the following is/are the type/ s of poverty?
1. Absolute poverty
2. Relative poverty
3. Subjective poverty
4. Functional poverty
Choose the correct answer using the code given below -
1) Only 1 and 2
2) Only 1, 2 and 3
3) Only 3 and 4
4) Only 1 and 4
Q. The Value of GDP at the current prevailing prices is called -
1) Nominal GDP
2) Current GDP
3) Domestic GDP
4) Real GDP
Q. Which one of the following situations can lead to inflation?
1) Rapid growth of aggregate demand outweighing supply
2) Sluggish growth of aggregate demand
3) Reduction in the money supply
4) Higher levels of unemployment
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