Indian Economics GK Questions
The basic characteristic of a capitalistic economy is–
(A) absence of monopoly
(B) large-scale production in primary industries
(C) full employment
(D) the private ownership of the means of production
Correct Answer : D
Which one of the following taxes is not a direct tax?
(A) Sales tax
(B) Estate duty
(C) Gift tax
(D) Wealth tax
Correct Answer : A
UNDP prepares–
(A) Human Development Index
(B) Standard of Living Index
(C) Index Number of Price Level
(D) Physical Quality Index
Correct Answer : A
Fiscal policy refers to–
(A) Government borrowings from abroad
(B) Sharing of its revenue by Central Government with States
(C) Sale and purchase of securities by RBI
(D) Government taxes, expenditure and borrowings
Correct Answer : D
Which of the following states has more tea plantations?
(A) Aasam
(B) Bihar
(C) Meghalaya
(D) Manipur
Correct Answer : A
Which state has wet agriculture in India?
(A) Kerala
(B) Assam
(C) Bihar
(D) Gujarat
Correct Answer : A
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Rajesh Bhatia
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