Q. The Difference between Gross Domestic product and Net Domestic product is
1 Government Revenue
2 Net Indirect Tax (Indirect Tax Subsidy)
3 Consumption of fixed Capital
4 Net Capital Formation
Ans: 4
Q. In an economy, the sectors are classified into public and private on the basis of
1 employment conditions
2 nature of economic activities
3 ownership of enterprises
4 use of raw materials
Ans: 3
Q. Depreciation is equal to
1 Gross national product - Net national product
2 Net national Product - Gross national product
3 Gross national product - personal income
4 Personal Income - personal taxes
Ans: 1
Q. The relationship between the value of money the price level in an economy is
1 Direct
2 Inverse
3 Propotional
4 Stable
Ans: 2
Q. What was the main reason for a great civil strife in Argentina in 2002-03?
1 Ethnic conflict between the native Red Indian tribes and others
2 Economic crisis due to huge public debt
3 The issue of using native languages as medium of instruction in schools
4 Clashes between goverment troops and secessionist groups
Ans: 2
Q. Consider the following statements: 1. India ranks first in the world in fruit production. 2. India ranks second in the world in the export of tobacco Which of the statements is/are correct?
1 Only 1
2 Only 2
3 Both 1 & 2
4 Neither 1 nor 2
Ans: 1
Q. Which one of the following statements is correct with reference to FEMA in India?
1 The Foreign Exchange Regulation Act(FERA) was replaced by Foreign Exchange Management Act (FEMA) in the year 2001
2 FERA was given a sunset clause of one year till 31st May 2002 to enable Enforcement Directorate to complete the investigation of pending issues
3 Under FEMA, violation of foreign exchange rules has caused to be a criminal offense
4 As per the new dispensatio, Enforcement Directorate can arrest and prosecute the people for the viol
Ans: 3
Q. Debenture holders of a company are its
1 Shareholders
2 Creditors
3 Debtors
4 Directors
Ans: 2
Q. In India, the first bank of limited liability managed by Indians and founded in 1881 was
1 Hindustan Commercial Bank
2 Oudh Commercial Bank
3 Punjab National Bank
4 Punjab and Sindh Bank
Ans: 2
Q. Which of the following countries is not the member of IBSA?
1 India
2 Bangladesh
3 South Africa
4 Brazil
Ans: 2
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