
General Knowledge : Economics QUESTIONS AND ANSWERS :: part2 : 71 to 75
Following General Knowledge Multiple choice objective type questions and answers will help you in TRB, SSC and UPSC 2024 examinations :
71.The ""Slack Season"" in the Indian Economy is |
Mar - Apr |
Sep - Dec |
Jan - June |
Feb - Apr |
72.Which is the best measure of economic growth of a country ? |
GNP |
GDP |
Net revenue |
None of these |
73.Fiscal deficit in the Union Budget means |
the difference between current expenditure and current revenue |
net increase in Union Government borrowings from the Reserve Bank of India. |
the sum of budgetary deficit and net increase in internal and external borrowings |
the sum of monetised deficit and budgetary deficit |
74.Temporary tax levied to obtain additional revenue is called |
Cess |
Rate |
Fee |
Surcharge |
75.In a country like India, why should an increase of direct taxes be preferred to an increase in indirect taxes ? |
Direct taxes serve the end of Socialism by taking away the excessive wealth from the rich. |
Direct taxe involve the well off sections of the society while indirect taxes affect the masses. |
It is easy to realise direct taxes and is thus useful in a country troubled by tax evasion. |
All of the above. |
More Economics QUESTIONS AND ANSWERS available in next pages
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