Q: The equilibrium condition for money market is:

A: demand for money should be equal to supply of money

B: cash in hand should be equal to deposits in bank

C: saving is equal to investment

D: bank rate is equal to repo rate



demand for money should be equal to supply of money


Q: NITI Aayog, which replaced the Planning commission of India, was formed by a cabinet resolution of the Government of Inda on:

A: 1st January, 2015

B: 26th January, 2015

C: 15th August, 2015

D: None of the above



1st January, 2015


Q: Poverty is defined as:

A: A monetary condition brought about by people's own laziness

B: A monetary condition where people do not have enough to satisfy basic needs

C: A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income

D: All of the above



A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income


Q: The earlier name of WTO was:

A: UNCTAD

B: GATT

C: UNIDO

D: OECD



GATT


Q: The qualification for the Chairman and the members of the Finance Commission are specified in:

A: Finance Act of 1951

B: Finance Act of 1952

C: Finance Act of 1950

D: Finance Act of 1953



Finance Act of 1951


Q: Which of the following sources provides highest tax revenue to Government of India?

A: Personal Income Tax

B: Excise Duty

C: Corporation Tax

D: Customs Duty



Corporation Tax


Q: GST abolishes which of the following taxes ?

A: Corporation tax

B: Service tax

C: Income tax

D: Wealth tax



Service tax


Q: NABARD stands for:

A: National Activated Bank for Agriculture and Rural Development

B: National Bank for Agriculture and Rural Development

C: National Agricultural Backward and Rural Development

D: National Bank for Accelerated Rural Development



National Bank for Agriculture and Rural Development


Q: The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of

A: growth of population

B: increase in price level

C: growth of money supply

D: increase in the wage rate



increase in price level


Q: Inclusive growth as enunciated in the Eleventh Five Year Plan does not include one of the following:

A: Reduction of Poverty

B: Extension of employment opportunities

C: Strengthening of capital market

D: Reduction in gender inequality



Strengthening of capital market
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