Q: Which one of the following is the main source of revenue for the states ?

A: Property tax

B: Sales tax

C: Excise duty

D: None of these



Sales tax


Q: Which of the following sector gives the largest income in India ?

A: Trade sector

B: Railway

C: Agriculture

D: Service sector



Service sector


Q: Which institution in India controls the monetary policy of Indian currency?

A: Finance Commission

B: The Finance Ministry of India

C: The Reserve Bank of India

D: None of the above



The Reserve Bank of India


Q: Mixed economy means an economy where:

A: There is co-existence of public sector along with private sector

B: Both agriculture and Industry are equally promoted by the state

C: There is importance of small scale industries along with heavy industries

D: Economy is controlled by military as well as civilian rulers



There is co-existence of public sector along with private sector


Q: Which activity is not included in service sector ?

A: Trade, hotels and restaurants

B: Real estate, finance and insurance

C: Transport and communication

D: Electricity, gas and water supply



Electricity, gas and water supply


Q: Economic growth is usually coupled with ___________.

A: deflation

B: inflation

C: Stagflation

D: hyper inflation



inflation


Q: NITI Aayog, which replaced the Planning commission of India, was formed by a cabinet resolution of the Government of Inda on:

A: 1st January, 2015

B: 26th January, 2015

C: 15th August, 2015

D: None of the above



1st January, 2015


Q: Government imposes taxes to:

A: run the machinery of State

B: uplift of weaker sections

C: check the accumulation of wealth among the rich

D: None of the above



run the machinery of State


Q: Tertiary sector activities include

A: Cottage industries

B: Mining activities

C: Construction activities

D: Infrastructure services



Infrastructure services


Q: Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?

A: RBI

B: SIDBI

C: ICICI

D: NABARD



SIDBI
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