General Knowledge Questions And Answers :: Economics: part1

General Knowledge : Economics QUESTIONS AND ANSWERS :: part1 : 1 to 5

Following General Knowledge Multiple choice objective type questions and answers will help you in TRB, SSC and UPSC 2014 examinations :

1.Which of the following statements are correct regarding the Planning Commission in India ?1. It is an advisory body2. It is a statutory body3. The Prime Minister is its ex-officio Chairman4. It makes plan for the Union as well as the states

1 and 3
1, 3 and 4
2 and 4
2, 3 and 4

2.The income tax in India is

indirect and progressive
diret and proportional
direct and progressive
indirect and proportional

3.The decentralisation system was recommended by

C. Rajagopalachari
J.B. Kripalani
Balwant Rai Mehta
Ashok Mehta

4.The investment in the field of housing as a percentage to total investment during Sevent Plan was


5.The principal sources of revenue to the State Government in India is

Income Tax
Sales Tax
State Excise Duties
Land Revenue

More Economics QUESTIONS AND ANSWERS available in next pages

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