Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part7 : 6 to 10

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

6.Given below are two statements, labeled as Assertion (A) and Reason (R). Which of the following is true in their context ? 1. Assertion (A) : Though five decades have passed after independence, number of people below the poverty line have increased. 2. Reason (R) : Succissive plans have failed to achieve the targeted growth rate.

Both A and R are true and R is the correct explanation of A.

Both A and R are true but R is not the correct explanation of A.

A is true but R is false.

A is false but R is true.

7.Monetary Policy refers to the policy of

Moneylenders

Government

Commercial Banks

Central Bank

8.Given below are two statements, labeled as Assertion (A) and Reason (R). Which of the following is true in their context ? 1. Assertion (A) : The ratio of direct taxes to gross domestic product in India has been falling in the recent past. 2. Reason (R) : Unaccounted black money has grown rapidly.

Both A and R are true and R is the correct explanation of A.

Both A and R are true but R is not the correct explanation of A.

A is true but R is false.

A is false but R is true.

9.Which of the following is wrongly matched ?

Share market - Stock Exchange

Income Tax - Monetary Policy

Export Subsidy - Fiscal Policy

General Price Index - Inflation

10.The Planning Commission in India was set up in

1947

1950