Directions: In the questions given below, four options have been given. Click on the option which you think is the RIGHT ANSWER to the question.
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1. During periods of inflations, tax rates should |
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2. Which is the biggest tax paying sector in India? |
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3. Economics is what it ought to be. This statement refers to |
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4. The excess of price a person is to pay rather than forego the consumption of the commodity is called |
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5. A want becomes a demand only when it is backed by the |
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6. The 'break-even' point is where |
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7. Rate of interest is determined by |
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8. The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called? |
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9. An individual’s actual standard of living can be assessed by |
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10. When there is an official change in the exchange rate of domestic currency, then it is called |
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11. Inflation redistributes income and wealth in favour of |
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12. The terms "Micro Economics" and "Macro Economics" were coined by |
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13. National income of a country is based on : | |
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14. Which one of the following is NOT an example of indirect tax? | |
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15. The major aim of devaluation is to - | |
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16. Interest on public debt is a part of - | |
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17. Structural unemployment arises due to - | |
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18. Which of the following is not a necessary condition for the development of India? | |
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19. Personal disposable income is - | |
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20. Which of the following most closely approximates our definition of oligopoly? | |
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21. Indirect tax means - | |
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22. One of the essential conditions of perfect competition is - | |
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23. An essential attribute of Inflation is : | |