Q: The basic regulatory authority for mutual funds and stock markets lies with the:

A: Securities and Exchange Board of India.


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

A: Finance Act of 1951


Q: The full form of GST is:

A: Goods and Services Tax


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

A: Corporation Tax


Q: If the RBI adopts expansionist open market operations policy, this means that it will:

A: sell securities in open market


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: increase in price level


Q: Green revolution occurred during:

A: 1965-1975


Q: The equilibrium condition for money market is:

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


Q: National Food Security Act came into effect in the year:

A: 2013


Q: In order to control inflationary price rise, Reserve Bank directs Banks to

A: Increase Cash Reserve Ratio (CRR)

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