Which of the following is not an example of direct tax?
(A) Income tax
(B) Property tax
(C) Gift tax
(D) Sales tax
When the price of a commodity falls, we can expect:
(A) The supply of it to increase
(B) The demand for it to fall
(C) The demand for it to stay constant
(D) The demand for it to increase
This personality is known as the Father of Economics. Can you identify him from the given options?
(A) J.M. Keynes
(B) Adam Smith
(C) Abraham Maslow
(D) J.K. Galbraith
Which Indian state has the least literacy rate?
(A) Bihar
(B) Rajasthan
(C) Arunachal Pradesh
(D) Orissa
If Reserve Bank of India reduces the cash reserve ratio, it will :
(A) increase credit creation
(B) decrease credit creation
(C) have no impact on credit creation
(D) have no definite impact on credit creation
In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as
(A) Disapproval of policy cut
(B) Economy cut
(C) Vote on Account
(D) Token cut
Which three indicators are used in the Human Development Index (HDI)?
I. Standard of living
II. Education
III. Life expectancy
IV. Condition of environment
(A) Only I, II & IV
(B) Only I, II, & III
(C) Only I & II
(D) All of the above
Subsidies mean that is
(A) payment by government for purchase of goods and services
(B) payment made by business enterprises to factors of production
(C) payment made by companies to shareholders
(D) payment made by the government to business enterprises, without buying any goods and services
If the RBI adopts an expansionist open market operations policy, this means that it will
(A) buy securities from non-government holders
(B) sell securities in the open market
(C) offer commercial banks more credit in the open market
(D) openly announce to the market that it intends to expand credit
Short-term finance is usually for a period ranging up to
(A) 5 months
(B) 10 months
(C) 12 months
(D) 8 months
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