Economics Quiz- 2 | My Online Pathshala

1. For whom was the first departmental life insurance started ?

Please select 2 correct answers

(a) Army

(b) Civil officers of Central Government

(d) Life Insurance Corporation

Correct! Wrong!

Ans.:- (c)

2. National income refers to-

(a) Money value of goods and services produced in a country during a year

(b) Money value of stocks and shares of a country during a year

(d) Money value of consumer goods produced by a country during a year

Correct! Wrong!

Ans.:- (c)

3. Which of the following Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the Parliament House depicted on it ?

(a) Rs. 500

(b) Rs. 100

(d) Rs. 10

Correct! Wrong!

Ans.:- (c)

4. What are ‘Open Market Operations’?

(a) Activities of SEBI registered brokers

(b) Selling of currency by the RBI

(d) Sale of shares by Fll’s

Correct! Wrong!

Ans.:- (c)

5. Which of the following is not an objective of the monetary policy of tile RBI ?

(a) Boost economic development

(b) Direct credit in desirable direction

(d) Ensure social justice

Correct! Wrong!

Ans.:- (d)

6. The receipts of which of the following taxes duties are not shared with the States ?

(a) Tax on income except agriculture

(b) Corporation tax

(d) Capital gain tax

Correct! Wrong!

Ans.:- (a)

7. The famous slogan “GARIBI HATAO” (Remove Poverty) was launched during the-

(a) First Five Year Plan (1951-56)

(b) Second Five Year Plan (1956-61)

(d) Fourth Five Year Plan (1969-74)

Correct! Wrong!

Ans.:- (d)

8. The Report of Vijay Kelkar Committee relates to -

(a) Trade Reforms

(b) Centre State Financial Relations

(d) Tax Reforms

Correct! Wrong!

Ans.:- (d)

9. Where is the Indian Institute of Foreign Trade Located ?

(a) New Delhi

(b) Hyderabad

(d) Ahmedabad

Correct! Wrong!

Ans.:- (a)

10. To achieve economic self-reliance was the main objective of which Five Year Plan?

(a) 1st Five Year Plan

(b) 2nd Five Year Plan

(d) 4th Five Year Plan

Correct! Wrong!

Ans.:- (d)

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