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General Knowledge on Indian Economy | GK test on Indian Economy Page 13
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General Knowledge on Indian Economy

(Click on suggested Options to select the answer | Color Red means : Wrong & Green Means: Correct)

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121. Subsidy implies
  • A. payment made by companies to shareholders
  • B. payment by government for purchase of goods and services
  • C. payment made by government to business enterprises, without buying any goods and services
  • D. payment made by business enterprises to factor of production
  • Check Answer | Discussion
122. If was aimed at stabilisation of Indian economy and was macro level in nature. it included liberalisation and deregulation of industry, financial sector reforms and taxation reforms in India.
123. Goods which are meant either for consumption or for investment arecalled
124. 'Marginal cost' equals
  • A. total cost divided by quantity
  • B. the change in total cost divided by the change in quantity
  • C. total cost minus total benefit for the last unit produced
  • D. total cost divided by total benefit for the last unit produced
  • Check Answer | Discussion
125. In India, the Bank NABARD does not provide refinance to
  • A. scheduled commercial banks
  • B. regiona' rural banks
  • C. export-import banks
  • D. state land development banks
  • Check Answer | Discussion
126. Which of the following is closest to india's current GDP (2012-13)?
127. Integrated Child Development Services (ICDS), launched in 1975 in India, is a scheme implemented by
  • A. the Ministry of Education
  • B. the Ministry of HRD
  • C. the Ministry of Finance
  • D. the Ministry of Woman and Child Welfare
  • Check Answer | Discussion
128. One of the problems in calculating the national income in India correctly is
129. A deflator is a technique of
  • A. accounting for decline of GNP
  • B. accounting for higher increase of GNP
  • C. adjusting for changes in commodity
  • D. adjusting for changes in price level
  • Check Answer | Discussion
130. The 1956, Industrial Policy objective did not include
  • A. accelerating rate of growth and industrialisation
  • B. developing machine making industries
  • C. expanding the public sector
  • D. making the country self-reliant in the production of defence goods
  • Check Answer | Discussion

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