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.

  1. 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)

  1. BEPS is a tax avoidance strategy used by Corporates.
  2. 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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