Indian Economy - Mock Test 14

Question 131

The income tax in India is?

A) direct and proportional B) direct and progressive C) indirect and proportional D) indirect and progressive

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Question 132

Which is the final authority in India to approve Five Year Plans?

A) Union Council of Ministers B) Planning Commission C) Prime Minister D) None of these

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Question 133

Which among the following sectors contributes most to the GDP of India?

A) Primary sector B) Secondary sector C) Tertiary sector D) All three contribute equally

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Question 134

“Dumping” is a situation when the seller?

A) supplies mote than the demand for products in the World Market. B) supplies more in the Domestic Market. C) sells a commodity at a lower price in the World Market and charges a higher price in the Domestic Market. D) sells a commodity at a higher price in the World Market and charges a lower price in the Domestic Market.

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Question 135

Hardening interest rate means?

A) interest rate is remaining sticky B) interest rate is very low C) interest rate is increasing D) interest rate is falling

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Question 136

High powered money is?

A) Banks reserves at Central Bank B) All loans and advances of banks C) Money held by banks D) Currency held by public and reserves with the Central Bank

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Question 137

A decreasing current ratio indicates?

A) a stable liquidity B) an increasing liquidity C) a strained liquidity D) satisfactory current solvency

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Question 138

DSCR indicates the ability of a company to?

A) meet its current liabilities B) service its shareholders C) meet its long term debt obligations D) raise further capital

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Question 139

The term ‘Mixed Economy’ denotes?

A) Existence of both rural and urban sectors B) Existence of both private and public sectors C) Existence of both heavy and small industries D) Existence of both developed and under-developed sectors

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Question 140

Finance Commission is constituted?

A) Every year B) Once in four years C) Once in two years D) Once in five years

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