Q(1).In which of the following types of economy are the factors of production owned individually?
A.Capitalist
B.Socialist
C.Mixed
D.Both A and B
Q(2).Poverty in less developed countries is largely due to
A.voluntary idleness
B.income inequality
C.lack of cultural activities
D.lack of intelligence of the people
Q(3).The most appropriate measure of a country's economic growth is its
A.Gross Domestic Product
B.Net Domestic Product
C.Net National Product
D.Per Capita Real Income
Q(4).Which of the following committees examined and suggested financial sector reforms?
A.Abid Hussain Committee
B.Bhagwati Committee
C.Chelliah Committee
D.Narasimham Committee
Q(5).Which of the following contributes the maximum earnings in Indian Railways?
A.Passenger Earning
B.Goods Traffic Earning
C.Sundry Earning
D.Other Coach Earning
Q(6).13th Finance Commission was constituted under the Chairmanship of
A.YSP Thorat
B.Vijai L Kelkar
C.TS Vijayan
D.Laxmi Narayan
Q(7).SEBI is a
A.constitutional body
B.advisory body
C.staturory body
D.non-statutory body
Q(8).Economic liberalization in India started with
A.substantial changes in industrial licensing policy
B.the convertibility of Indian rupee
C.doing away with procedural formalities for foreign direct investment
D.significant reduction in tax rates
Q(9).The per capita income in India was Rs 20 in 1857-68, was ascertained for the first time by
A.M G Ranade
B.Sir W Hunter
C.RC Dutta
D.Dadabhai Naoroji
Q(10).New Economic Policy aims at
A.giving importance to rural techniques of production
B.reforms in production pattern, obtaining new technology, making Indian economy more competitve
C.creating more tax brackets
D.imposing Tobin tax
A.Capitalist
B.Socialist
C.Mixed
D.Both A and B
Q(2).Poverty in less developed countries is largely due to
A.voluntary idleness
B.income inequality
C.lack of cultural activities
D.lack of intelligence of the people
Q(3).The most appropriate measure of a country's economic growth is its
A.Gross Domestic Product
B.Net Domestic Product
C.Net National Product
D.Per Capita Real Income
Q(4).Which of the following committees examined and suggested financial sector reforms?
A.Abid Hussain Committee
B.Bhagwati Committee
C.Chelliah Committee
D.Narasimham Committee
Q(5).Which of the following contributes the maximum earnings in Indian Railways?
A.Passenger Earning
B.Goods Traffic Earning
C.Sundry Earning
D.Other Coach Earning
Q(6).13th Finance Commission was constituted under the Chairmanship of
A.YSP Thorat
B.Vijai L Kelkar
C.TS Vijayan
D.Laxmi Narayan
Q(7).SEBI is a
A.constitutional body
B.advisory body
C.staturory body
D.non-statutory body
Q(8).Economic liberalization in India started with
A.substantial changes in industrial licensing policy
B.the convertibility of Indian rupee
C.doing away with procedural formalities for foreign direct investment
D.significant reduction in tax rates
Q(9).The per capita income in India was Rs 20 in 1857-68, was ascertained for the first time by
A.M G Ranade
B.Sir W Hunter
C.RC Dutta
D.Dadabhai Naoroji
Q(10).New Economic Policy aims at
A.giving importance to rural techniques of production
B.reforms in production pattern, obtaining new technology, making Indian economy more competitve
C.creating more tax brackets
D.imposing Tobin tax
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