Economics QUESTIONS AND ANSWERS

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

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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