Economics: Solved 84 Economics Questions and answers section with explanation for various online exam preparation, various interviews, Logical Reasoning Category online test. Category Questions section with detailed description, explanation will help you to master the topic.

Economics Questions

21. Which of the following sector is not covered under the Bharat Nirman Programme?




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Correct Ans:Health & Nutrition
Explanation:


22. Which of the following option is/are correct about Bharat Nirman Programme?
i. It was launched on Dec. 2007
ii. This scheme want urban development only
iii. This programmes targets mainly six sectors only.
Options are:




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Correct Ans:Only iii
Explanation:


23. Which of the following is not a public sector bank   ?




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Correct Ans:Standard Chartered Bank
Explanation:


24. Which of the following statement is/are correct about Reserve Bank of India?
i. It was established in 1935.
ii.It was nationalized on December, 1950.
iii.Its headquarter is in Mumbai
Options are:




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Correct Ans:Only i & iii
Explanation:


25. What is the new name of Rajiv Gandhi Grameen Vidyutikaran Yojana?




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Correct Ans:Deen Dayal Upadhyay Gram Jyoti Yojana
Explanation:


26. When the reserve bank of India increases the cash reserve ratio (CRR)?




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Correct Ans:When the Indian economy have high rate of inflation
Explanation:


27. What does laffer curve show?




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Correct Ans:Relationship between total tax revenue and corresponding tax rates.
Explanation:


28. What is laissez-faire?




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Correct Ans:A Policy to have more interaction with rest of the world economies.
Explanation:


29. What is liquidity?




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Correct Ans:The degree to which an asset or security can be quickly bought or sold in the market.
Explanation:


30. "COPRA" is a ________




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Correct Ans:Consumer protection Act
Explanation:


31. What is special 301 and super 301?




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Correct Ans:Trade protection policies adopted by the USA
Explanation:


32. Open sky policy launched by the government of India is related to __________




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Correct Ans:Air transport sector for making export more convenient
Explanation:


33. Which of the following organization is not joined by India?




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Correct Ans:All of the above
Explanation:


34. What is the mean of Population density?




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Correct Ans:No. of persons living per square K.M.
Explanation:


35. Closed economy is that economy, where _________ ?




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Correct Ans:Either export or import is allowed in the economy
Explanation:


36. Which of the following statement is not true about Indian budget 2016-17?




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Correct Ans:Revenue from excise duty is more than income tax
Explanation:


37. Which of the following option is true about the finance commission?
(i) Article 112 of the Indian constitution says that there will be a finance commission.
(ii) This commission is set up by the prime minister for 5 years.
(iii) 14th finance commission is set up under the chairmanship of Y.B. Reddy
(iv) The tenure of 14th finance commission is from 2015-2020.
Options are:




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Correct Ans:Only iii,iv
Explanation:


38. Who among the following never hold the office of chairman of finance commission?




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Correct Ans:Pranab Mukherjee
Explanation:


39. Which of the following tax is imposed by the central government but collected and kept by the state governments?




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Correct Ans:Stamp duty
Explanation:


40. Which of the following is NOT true about service tax in India?




SHOW ANSWER
Correct Ans:All of the above are incorrect
Explanation:





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