- These tests are a check for your learning and are meant to serve as tools for assessment.
- The test is designed to check your Static General Knowledge and provide you an assessment of the same.
- Each question is followed by 4 options. Select the most appropriate option for the question.
Static GK Test: Economics, Test-2
Congratulations - you have completed Static GK Test: Economics, Test-2. You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%
Your answers are highlighted below.
Which country includes its income from cocaine and narcotics in its GDP?
Generally speaking the cause of inflation is
increase in money supply
fall in production
decrease in money supply and fall in production
increase in money supply and fall in production
Black money is
income on which tax is not paid
illegally earned money
money earned through underhand deals.
Which among the following is the oldest development financial institution of India?
Deflation is defined as
increase in public expenditure
reduction in taxation
contraction in volume of money/credit which results in a decline of price level.
Who is the Chairman of the Planning Commission?
President of India
Chief Justice of India
Vice-President of India
Prime-Minister of India
Which of the following is not a non-plan expenditure?
Central assistance for States and UT plans
What is the main source of revenue to meet different expenditures?
Beginning April 2011, the Government of India had proposed to bring down the corporate tax rate from 30 per cent to
22 per cent
26 per cent
25 per cent
28 per cent
Laissez faire means
Sound commercial affairs
Non-interference by the State in the direction of economic affairs
Non- interference by the State in law and order
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There are 10 questions to complete.