Indian Economy problems
- 1. Which of the following brings out the 'Consumer Price Index Number' for Industrial workers?
Options- A. RBI
- B. The Labour Bureau
- C. Commerce Department
- D. NITI Ayog Also asked in: Bank Exams
Correct Answer: The Labour Bureau
- 2. The basis of determining dearness allowance to employees in India is ____________
Options- A. National Income
- B. Consumer Price Index
- C. Standard of Living
- D. Inflation Rate Also asked in: Bank Exams
Correct Answer: Consumer Price Index
- 3. An indifference curve measures the same level of ___________
Options- A. Output from two factors
- B. Satisfaction from two commodities
- C. Satisfaction from Income and Capital
- D. Satisfaction from expenditure and savings Also asked in: Bank Exams
Correct Answer: Satisfaction from two commodities
- 4. Which of the following sets of taxes belongs to Central Government?
Options- A. Excise duty, Sales tax and Custom duty
- B. Income tax, Custom duty and House tax
- C. Excise duty, Custom duty and Income tax
- D. Custom duty, Entertainment tax and Income tax Also asked in: Bank Exams
Correct Answer: Excise duty, Custom duty and Income tax
- 5. An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.
Options- A. same
- B. higher
- C. lower
- D. minimum Also asked in: Bank Exams
Correct Answer: same
- 6. A motion that seeks to reduce the amount of demand presented by government to Rs. 1/- is known as
Options- A. Disapproval of policy Cut
- B. Token cut
- C. Economy cut
- D. Vote on account Also asked in: Bank Exams
Correct Answer: Disapproval of policy Cut
- 7. Redistribution of income in a country can be brought about through
Options- A. Progressive taxation combined with progressive expenditure
- B. Progressive taxation combined with regressive expenditure
- C. Regressive taxation combined with regressive expenditure
- D. Regressive taxation combined with progressive expenditure Also asked in: Bank Exams
Correct Answer: Progressive taxation combined with progressive expenditure
- 8. The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to
Options- A. 35%
- B. 40%
- C. 42%
- D. 45% Also asked in: Bank Exams
Correct Answer: 42%
- 9. Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?
Options- A. Demand is elastic
- B. Demand is inelastic
- C. The product can be differentiated
- D. The product can be homogenous. Also asked in: Bank Exams
Correct Answer: The product can be differentiated
- 10. The major objective of monetary policy is to
Options- A. increase government's tax revenue
- B. revamp the Public Distribution System
- C. Promote economic growth with price stability
- D. weed out corruption in the economy Also asked in: Bank Exams
Correct Answer: Promote economic growth with price stability
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