Indian Economy problems
- 1. National Income based on the
Options- A. total revenue of the state
- B. production of goods and services
- C. net profit earned and expenditure made by the state
- D. the sum of all fractions of income Discuss
Correct Answer: production of goods and services
- 2. Which country has replaced China as the top retail destination in 2017 Global retail development index ?
Options- A. Russia
- B. India
- C. Japan
- D. USA Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: India
- 3. The most literate Union Territory in India is
Options- A. Delhi
- B. Lakshadweep
- C. Chandigarh
- D. Pondicherry Discuss
Correct Answer: Lakshadweep
- 4. What is the longest irrigation canal India called
Options- A. Yamuna Canal
- B. Sirhind canal
- C. Indira Gandhi canal
- D. Upper Bari Doab Canal Discuss
Correct Answer: Indira Gandhi canal
- 5. Gold Mines in India are located mainly at
Options- A. Kolar
- B. Raniganj
- C. Jadugoda
- D. Veeranam Discuss
Correct Answer: Kolar
- 6. Nature of unemployment in agriculture in India is
Options- A. Seasonal
- B. Disguised
- C. both ' a ' and ' b '
- D. None of these Discuss
Correct Answer: both ' a ' and ' b '
- 7. The Government has renamed NREGA schme and the name associated with the scheme is that of
Options- A. Rajeev Gandhi
- B. Indira Gandhi
- C. Mahatma Gandhi
- D. Jawaharlal Nehru Discuss
Correct Answer: Mahatma Gandhi
- 8. GST Council has decided to keep a total of ________ items in the 28% slab, which was earlier 227.
Options- A. 125
- B. 87
- C. 100
- D. 50 Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, Software Architect
Correct Answer: 50
Explanation:
The GST Council on Nov 10th 2017 cut tax rates of over 175 products that were in the highest tax slab of 28% under the Goods and Services Tax (GST) regime.
Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.
- 9. The single-step income statement emphasizes
Options- A. the various components of income from continuing operations
- B. extraordinary items and accounting changes more than these are emphasized in the multiple-step income statement
- C. total revenues and total expenses
- D. the gross profit figure Also asked in: CAT, Bank Exams, Bank PO, Bank Clerk, Analyst
Correct Answer: total revenues and total expenses
Explanation:
The single-step income statement emphasizes
1. total revenues and total expenses.
2. Revenues
3. Expenses
4. Net income
The primary advantage of the single step fromat lies in its simple presentation and the absence of any implication that one type of revenue or expense item has priority over another.
- 10. Which of the following is / are fund managers for National Pension System (NPS) in 2017 ?
Options- A. Axis provident fund
- B. Yes bank pension fund
- C. ICICI prudential pension
- D. Punjab National provident fund Also asked in: AIEEE, Bank Exams, CAT, GATE, GRE, TOEFL, Analyst, Bank Clerk, Bank PO, Database Administrator, IT Trainer
Correct Answer: ICICI prudential pension
Explanation:
At present in 2017, there are only seven NPS fund managers viz. HDFC Pension Fund, ICICI Prudential Pension, Kotak Pension Fund, LIC Pension Fund, Reliance Capital Pension, SBI Pension Fund and UTI Retirement Solutions.
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