EduDose
  • Home
  • GK
  • Maths
  • Reasoning
  • English
  • Computer
  • Mock Tests
  • Today’s GK
  • Menu Menu

Indian Economy Quiz 7

You are here: Home1 / General Knowledge2 / Indian Economy Quiz3 / Indian Economy Quiz 7
GK Topic-wise Online Test
हिंदी वर्जन
1
2
3
4
5
6
7
8
9
10

Indian Economy and Finance Online Test

  • This is an online quiz to test your knowledge of Indian Economy and Finance.
  • This Online Test is useful for academic and competitive exams.
  • Multiple answer choices are given for each question in this test. You have to choose the best option.
  • After completing the test, you can see your result.
  • There are 10 questions in the test.
  • There is no negative marking for wrong answers.
  • There is no specified time to complete this test.
  • EduDose has provided this test in both English and Hindi medium.

According to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes:

According to Keynes, employment can be increased by increasing demand and/or investment. demand depends on income and when income rises, demand also rises but not as much as income. A fall in aggregate demand causes a fall in real gross national product and employment.

The common currency of 19 European Union member countries is known as:

The euro (symbol €) is the single currency for 19 EU member countries, introduced in 2002 after more than 40 years of treaties and negotiations.

The existence of a parallel economy or Black Money:

The existence of Black money leads to the creation of a parallel economy. It makes the monetary policies less effective as the government cannot account properly for the money which is not formally included in the system.

The existence of a Parallel Economy or Black Money:

A parallel economy is the functioning of an unsanctioned sector in the economy whose objectives run in opposite to the objectives of official, sanctioned or legitimate sector. The term parallel economy is also referred as black economy, unaccounted economy, illegal economy, subterranean economy or unsanctioned economy. The existence of a parallel economy or Black Money makes the monetary policies less effective.

Scheduled Banks have to be registered with:

Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act, 1934. Reserve Bank of India in turn includes only those banks in this Schedule which satisfy the criteria laid down vide section 42 of the said Act.

The term of the Finance Commission is:

As per the Constitution of India, the Finance Commission is appointed every five years and consists of a chairman and four other members. The Finance Commission is constituted by the President under article 280, mainly to give its recommendations on distribution of tax revenues between the Union and the States.

What does National Income mean?

National income is the sum total value of all goods and services produced in the country during a period of one year.

Bank Rate refers to the interest rate at which:

A bank rate is the interest rate a nation's central bank charges to its domestic banks to borrow money. In India, the RBI set the bank rate.

Open market operation refers to:

Open market operations refer to the selling and purchasing of treasury bills and government securities by the central bank of any country (RBI) in order to regulate money supply in the economy.

Which of the following taxes is not collected by the Central Government?

Professional tax, VAT, and motor vehicle tax are some of the taxes that are levied and collected by the state. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. are required to pay this professional tax.

Now check your Result..

Your score is

Share This Page!

Facebook Twitter
0%

Related GK/GS Online Test»
Basic GK History Geography Polity Science Economics
Maths
Reasoning
English
Computer

© Copyright - edudose.com
  • Link to Facebook
  • Link to X
  • Privacy Policy
  • About | Contact
  • Sitemap
Scroll to top Scroll to top Scroll to top