DAY 84 DAILY MCQ ON INDIAN ECONOMY: For govt jobs preparation daily MCQ will be provided, most of the questions will be from the past question papers of UPSC, SSC, IBPS.
- J curve in the economics is related to
- Index is a type of cost-of-living index that uses an expenditure function such as one used in assessing expected compensating variation
- Show the relationship between tax rates and the amount of tax revenue collected by governments
- The inverse relationship between unemployment rate and inflation
- Refers to the trend of a country’s trade balance following a devaluation
2. With reference to the Baltic Dry Index, consider the following statements
1) It is an economic indicator issued daily by the London-based Baltic Exchange
2) They are restricted to Baltic Sea Countries
Select the correct answer using the code given below.
- Only 1
- Only 2
- All of the above
- None of the above
3. Tax buoyancy is defined as
- Percentage change in tax revenue in response to change in tax rate and extension of coverage
- Refers to the % change in the tax revenue with the growth of national income i.e. growth based increase in tax collection
- The entity who bears the tax burden
- None of the above
4. Gender Budgeting is
- Funds are allocated only to the schemes that support women development
- Allocation of resources to the agencies are done by periodic re-evaluation through incrementalism
- Funds and responsibilities are allocated on the basis of gender
- None of them
5. Recession is
- An economic contraction when the GDP declines for 2 consecutive years
- An economic boom when the GDP increases for 2 consecutive years
- An economic contraction when the GDP declines for 2 consecutive quarters
- None of them
6. The ideal recommended ratio of NPK is
- 4: 2: 1
- 2: 4: 1
- 4: 1: 2
- 4: 3: 2
7. The word Dirigisme relates to
- Complete Capitalism
- Complete control of economy by state
- Positive role of state invention in economy
- None of the above
8. Revenue expenditure does not include one of these
- Interest payment
- Infrastructure development
- Major subsidies
- Defence expenditure
9. Consider the following statements about Base Erosion Profit Shifting (BEPS)
- BEPS is a tax avoidance strategy used by Corporates.
- The profits are shifted to countries with low taxation.
Which of the above statements are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
10. Deendayal Upadhyay Shramev Jayate Karyakram does not include which
- Apprentice Protsahan Yojana
- Pradhan Mantri Rozgar Protsahan Yojana
- Revamped Rashtriya Swasthya Bima Yojana
- Universal Account Number
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