Question 1

Which of the following is most urbanised State of India

Accepted Answer

Goa

Question 2

Which from the following towns is NOT on the Golden Quadrilateral being created for the roads infrastructure of the country

Accepted Answer

Jabalpur

Question 3

Which of the following sectors is NOT considered ' Infrastructure Sector '

Accepted Answer

Software

Question 4

When was the Jawahar Rojgar Yojana Launched

Accepted Answer

1989

Question 5

In India, the Community Development Programme was started on

Accepted Answer

October 2, 1952

Question 6

Mid - Day is a scheme to provide nutrious food to

Accepted Answer

School going children

Question 7

Which of the following schemes was launched to promote basic education in India and attract children in school going age to attend the classes

Accepted Answer

Mid Day Meal scheme

Question 8

Which of the following is the scheme for which entire premium of the assured person is paid by the Central Government

Accepted Answer

Shiksha Sahyog Yojana

Question 9

Which of the following is a project to develop watersheds in India

Accepted Answer

NWDPRA

Question 10

Excise duty is a tax levied on the

Accepted Answer

An excise or excise tax or excise duty is a type of tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country). It is a tax on the production of a good. This tax is now known as the Central Value Added Tax (CENVAT).

Question 11

Which among the following is NOT a function of RBI?

Accepted Answer

Serve as debt manager to other banks is not a function of RBI Bank.

Question 12

Entrepreneurship as a theory of business was propounded by

Accepted Answer

Entrepreneurship as a theory of business was propounded by Joseph. A. Schumpeter. Schumpeter’s Innovation Theory of Profit : Definition: The Innovation Theory of Profit was proposed by Joseph. A. Schumpeter, who believed that an entrepreneur can earn economic profits by introducing successful innovations.

Question 13

What does the APR on a credit card determine?

Accepted Answer

fee paid for borrowing money

Question 14

GDP can be calculated by summing

Accepted Answer

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Simply, GDP is a broad measurement of a nation’s overall economic activity. It is calculated by summation of Consumption, investment, government purchases, and net exports.

Question 15

Which of the following statements about taxes is false?

Accepted Answer

Some states don’t collect income tax

Question 16

Who is known as the father of Indian Economics?

Accepted Answer

Mahadev Govind Ranade is known as the father of Indian Economics. M G Ranade advocated social reforms such as widow re-marriage, liberation of women & emancipation of the oppressed classes. He was Known to be the mentor & political guru of Gopal Krishna Gokhale & Bal Gangadhar Tilak.

Question 17

In economics, the cost of something is

Accepted Answer

In economics, the cost of something is what you give up to get it.

Question 18

Capitalism is an economic system in which

Accepted Answer

Capitalism is an economic system in which private entities or businesses own capital goods.

Question 19

Which one of the following is NOT amethod of measurement of National Income

Accepted Answer

Investment method

Question 20

The Swarnjayanti Shahari Rojgar Yojana which came into operation from 1.12.1997 aims to provide gainful employment to the urban unemployed or under employed poor but does NOT Include:

Accepted Answer

Prime Minister's Rojgar Yojana

Indian Economy Questions