Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part2 : 91 to 95

Following General Knowledge Multiple choice objective type questions and answers will help you in TRB, SSC and UPSC 2024 examinations :

91.Equilibrium income is that level at which

the community is spending exaqctly all of its income on consumption

the amount which society wishes to spend on investment is equal to the amount of its income which it does not wish to spend on consumption

actual saving is equal to actual investment

full employment exists

92.Which of the following organisations has recently rated India as the sixth largest economy in the world ?

World Bank

Asian Development Bank

European Economic Community

International Monetary Fund

93.Which of the following is not true about the Reserve Bank of India ?

It formulates the monetay policy of India.

It regulates the currency and credit system of India

It maintains the exchange value of the rupee.

One rupee notes and coins are issued by RBI

94.The long term fiscal policy proposes to maintain the stability of

Direct tax rates

Indirect tax rates

Ratio of tax revenue to national income

Ratio of direct tax-revenue to revenue from indirect taxes.

95.MODVAT relates to retionalisation of tax structure in

Sales tax

Income tax

Excise duty

Gift tax

More Economics QUESTIONS AND ANSWERS available in next pages

Health is the greatest gift, contentment is the greatest wealth -Buddha

Opportunity is missed by most people because it is dressed in overalls and looks like work.- Thomas Edison

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