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

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