Top 550+ Solved Indian Economy MCQ Questions Answer
Q. National income of India is compiled by:
a. Finance Commission
b. Indian Statistical Institute
c. National Development Council
d. Central Statistical Organisation
Q. Which one of the following is the correct statements?Service tax is a/an [IAS 2006]
a. direct tax levied by the Central Government
b. indirect tax levied by the Central Government
c. direct tax levied by the State Government
d. indirect tax levied by the State Government
Q. If saving exceeds investment, the national income will :
a. fall
b. rise
c. fluctuate
d. remain constant
Q. Which of the following is not part of state tax?
a. Land revenue
b. Entertainment tax
c. Sales and purchase of newspapers
d. Stamp duty other than financial documents
Q. Which of the following is not a direct tax?
a. Tax on income
b. Tax on wealth
c. Tax on expenditure
d. Tax on entertainment
Q. Share of Direct tax in post economic reform is:
a. increasing
b. decreasing
c. can't say anything
d. fluctuating
Q. Many times we see in financial journals/bulletins a term M3. What is M3? [RBI GradeB Officer 2011]
a. Currency in circulation on a particular day
b. Total value of foreign exchange on a particular day
c. Total value of export credit on a given date
d. None of these
Q. Consider the following statements:In India, stamp duties on financial transactions are: 1. levied and collected by the State Government 2. appropriated by the Union Government Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
Q. Tax collection of Central govt. was lowest as compare to G.D.P., in which of thefollowing year?
a. 1999-2000
b. 2000-2001
c. 2001-2002
d. 2002-2003
Q. In India GDP is higher than GNP because country's:
a. import > export
b. capital inflow > capital outflow
c. net factor income is negative
d. Govt. expenditure is more than it's income
Q. In India, the service tax was first introduced in the year: [CDS 2001]
a. 1998
b. 1996
c. 1994
d. 1992
Q. In gross domestic saving by sector of origin, the four sectors in order of importance are:
a. Household Sector, Public Enterprises, Government Sector, Corporate Sector
b. Household Sector, Corporate Sector, Government Sector, Public Enterprises
c. Government Sector, Household Sector, Public Enterprises, Corporate Sector
d. Household Sector, Government Sector, Public Enterprises, Corporate Sector