Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part7 : 41 to 45

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

41.Given below are two statements labelled as Assertion (A) and Reason (R) in the context of the statements, which of the following is correct ?Assertion (A) : The Five Year Plans from the basis of Indian economy.Reason (R) : India follows Soviet pattern of planning.

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

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

A is true but R is false.

A is false but R is true.

42.Which of the following is now a punishable offence by a Bank Account holder ?

If a cheque is not crossed

If a post-dated cheque is issued

If a cheque drawn by him is dishonoured for insufficiency of funds in his account

Issuing a cheque without signature

43.Given below are two statements labelled as Assertion (A) and Reason (R) in the context of the statements, which of the following is correct ?Assertion (A) : Deficit financing is taken to mean that the expenditure is in excess of current revenue and borrowing from the public.Reason (R) : In India, defict financing is being done through issue of new currency by Government.

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

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

A is true but R is false.

A is false but R is true.

44.Given below are two statements, labeled as Assertion (A) and Reason (R). Which of the following is true in their context ? 1. Assertion (A) : In India, the budgets of the Government have shown sharp increases over the years. 2. Reason (R) : India has sharply increased its expenditure on defence every year.

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.

45.Which of the following is not a direct tax

Wealth Tax

Sales Tax

Income Tax

Estate Duty

More Economics QUESTIONS AND ANSWERS available in next pages