Sawaal
2
Q:

Which of the following should always be balanced in the foreign trade of India?

 

 

A) Balance of Trade B) Balance of Paymen
C) Balance of Current Account D) No option is correct

Answer:   B) Balance of Paymen



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams
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In 2016, the State Bank of India launched a new product called 'SBI Exclusif'. What is the financial nature of this product?

A) Insurance B) Mutual Fund Offering
C) Wealth Management D) Recurring Deposit Scheme
 
Answer & Explanation Answer: C) Wealth Management

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As per Economic survey 2017-18, the percentage contribution of the services sector to India's GDP will be in the range of

A) Between 40-50% B) Greater than 50%
C) Less than 30% D) Between 30-40%
 
Answer & Explanation Answer: B) Greater than 50%

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Q:

Generally unemployment in a developing country takes place because of ___________.

 

A) lack of complementary factors of production B) seasonal factors
C) lack of effective demand D) switch over from one job to another
 
Answer & Explanation Answer: A) lack of complementary factors of production

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Q:

What information does a supply schedule provide

 

A) It shows the supply for a product at various prices B) It shows the supply for different products at different prices
C) It shows the supply for a product at a single price point D) None of the above
 
Answer & Explanation Answer: A) It shows the supply for a product at various prices

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Q:

On 19 September 2017, Law Ministry approved Fugitive Economic Offenders Bill, 2017. It will empower government to _______ property of economic offenders and defaulters who flee from India.

 

A) Consolidate B) Confiscate
C) Combine D) Collect
 
Answer & Explanation Answer: B) Confiscate

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Q:

In which of the following fields was Prof. Richard H. Thaler awarded the Nobel Prize 2017?

 

A) Physics B) Chemistry
C) Literature D) Economics
 
Answer & Explanation Answer: D) Economics

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Q:

Visible and invisible items of debit and credit are the part of___________.

 

A) import-export policy B) balance of payment
C) balance of trade D) annual budget
 
Answer & Explanation Answer: B) balance of payment

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Q:

What is the full form of GST?

A) Good and Services Tax B) Goods Sales Tax
C) Grand Sales Tax D) General Sales Tax
 
Answer & Explanation Answer: A) Good and Services Tax

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