1. Terms of economics, which recession occurring two times with a small gap in between?
Deep Recession
2. Which is the place where bankers meet and settle their mutual claims and accounts?
Clearing House
3. Kautilya’s ‘Arthashastra’ deals with the aspects of which policies?
Political policies
4. Which organizations agency is involved in drafting the Union Budget of India?
Administrative Ministries only
5. What does National income ignore?
Salary of employees
6. Who is the founder of world Economic Forum?
Klaus Schwab
7. Stock Exchanges play a role in an economy how may it be termed?
Useful but need strict regulation
8. CENVAT is associated with which rate?
Rate of indirect tax
9. Taxation and the government’s expenditure policy are dealt under which policy?
Fiscal policy
10. For internal financing of Five Year Plans, the government depends on which source?
Taxation only
11. Which rural bank has been named after a river?
Varada Grameen Bank
12. ‘Asian Drama’, by Gunnar Karl Myrdal, is a book on which subjects?
Economics
13. What is the sum total of incomes received for the services of labour, land or capital in a country?
National income
14. Unemployment occurs when workers move from one job to another job?
Frictional unemployment
15. Which type of unemployment mostly found in India?
Disguised
16. Which is called a “banker’s cheque”?
Demand draft
17. Why is the Gross National Income always more than Net National Income?
Direct taxes
18. Who was the first Deputy Chairman of Planning Commission of India?
Shri V. T. Krishnamachari
19. To which duties is the system of value added taxation applicable?
Excise duties
20. How many of Banks were nationalized since 1969?
20
21. Which tax is levied by the Union and collected and appropriated by the States?
Stamp Duties
22. Is Tax on entertainment a direct tax?
no
23. Are Agricultural farmers protected against inflation?
no
24. By which bill does the government make arrangement for the collection of revenues for a year?
Finance Bill
25. Which is the ‘basis for determining the national income?
Production of goods and services
26. What is the mean of ‘Take off stage’ in an economy?
Steady growth begins
27. When was EXIM Bank set-up?
1982
28. Which is at the apex of Industrial Finance in India?
Industrial Development Bank of India
29. What is the most appropriate measure of a country’s economic growth?
Per capita real income
30. Of the various ways of financing government’s investment expenditure, what is the least inflationary?
Taxation