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 Indian Economy Questions

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Q:

Hindu rate of growth refers to the rate of growth of

A) GDP B) Population
C) Foodgrains D) Per captain income
 
Answer & Explanation Answer: A) GDP

Explanation:
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21 12749
Q:

The term 'mixed economy' denoted

A) existence of both rural and urban sectors B) existence of both private and public sectors
C) existence of both heavy and small industries D) existence of both developed and underdeveloped sectors
 
Answer & Explanation Answer: B) existence of both private and public sectors

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15 12007
Q:

States earn maximum revenue through

A) excise duties B) commercial taxes
C) land revenue D) custom revenue
 
Answer & Explanation Answer: B) commercial taxes

Explanation:

States_earn_maximum_revenue_through1556278854.jpg image

 

States earn maximum revenue through commercial taxes. 

 

Commercial Tax is a form of sales tax, now referred to as GST(Goods and Service Tax) in India. It is levied on all kinds of commercial goods and services.

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Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

13 11977
Q:

The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year

A) 1991-92 B) 1992-93
C) 1995-96 D) 1996-97
 
Answer & Explanation Answer: D) 1996-97

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26 11385
Q:

The Mid Day Meal Scheme has been launched by the Union Minister of

A) Home Affairs B) Social Welfare
C) Human Resource Development D) Rural Development
 
Answer & Explanation Answer: C) Human Resource Development

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16 11144
Q:

Per Capita Income is Obtained by dividing National Income by

A) Total population of the country B) Total working population
C) Area of the country D) Volume of the capital used
 
Answer & Explanation Answer: A) Total population of the country

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7 11142
Q:

The term stagflation refers to a situation where ?

A) Growth has no relation with the change in prices B) Rate of growth is faster than the rate of price increase
C) Rate of growth is slower than the rate of price increase D) Rate of growth and prices both are decreasing
 
Answer & Explanation Answer: C) Rate of growth is slower than the rate of price increase

Explanation:

Stagflation is a blend of stagnation (in economic growth) and inflation (rise in prices).

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

17 11105
Q:

In India ,Hindu Rate of growth is associated with which of the following

A) Birth Rate B) Population
C) Per Capita Income D) National Income
 
Answer & Explanation Answer: D) National Income

Explanation:
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