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Economics - Questions and Answers

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6. The Largest Public Sector in India is
A. Central Bank
B. State Bank of India
C. Punjab National Bank
D. Indian Overseas Bank
Explanation:
7. If an economy is in equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
A. negative
B. zero
C. larger than government income
D. equal to government income
Explanation:
8. A tax that takes away a higher proportion of ones income as the income rises is termed as
A. Indirect tax
B. Progressive tax
C. Regressive tax
D. Proportional tax
Explanation:
9. Fiscal Policy is concerned with
A. Public revenue
B. Public expenditure and debt
C. Bank rate policy
D. Both (a) & (b)
Explanation:
10. Which of the following is not a method of estimating national income ?
A. Income method
B. Value - added method
C. Expenditure method
D. Export - import method
Explanation:
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