• 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.
Question 1
Which country includes its income from cocaine and narcotics in its GDP?
A
Columbia
B
Venezuela
C
Afghanistan
D
Peru
Question 2
Generally speaking the cause of inflation is
A
increase in money supply
B
fall in production
C
decrease in money supply and fall in production
D
increase in money supply and fall in production
Question 3
Black money is
A
income on which tax is not paid
B
counterfeit currency
C
illegally earned money
D
money earned through underhand deals.
Question 4
Which among the following is the oldest development financial institution of India?
A
UTI
B
IDBI
C
ICICI
D
IFCI
Question 5
Deflation is defined as
A
increase in public expenditure
B
reduction in taxation
C
contraction in volume of money/credit which results in a decline of price level.
D
deficit budget
Question 6
Who is the Chairman of the Planning Commission?
A
President of India
B
Chief Justice of India
C
Vice-President of India
D
Prime-Minister of India
Question 7
Which of the following is not a non-plan expenditure?
A
Central assistance for States and UT plans
B
Defense expenditure
C
Subsidies
D
Interest payment
Question 8
What is the main source of revenue to meet different expenditures?
A
Custom duties
B
Excise duties
C
Income tax
D
Internal borrowings
Question 9
Beginning April 2011, the Government of India had proposed to bring down the corporate tax rate from 30 per cent to
A
22 per cent
B
26 per cent
C
25 per cent
D
28 per cent
Question 10
Laissez faire means
A
Active intervention
B
Sound commercial affairs
C
Non-interference by the State in the direction of economic affairs
D
Non- interference by the State in law and order
Once you are finished, click the button below. Any items you have not completed will be marked incorrect. Get Results
There are 10 questions to complete.
List
Return
Shaded items are complete.
12345
678910
End
Return
Get Posts Like This Sent to your Email
Updates for Free Live sessions and offers are sent on mail. Don't worry: we do not send too many emails..:)
Get Posts Like This Sent to your Email
Updates for Free Live sessions and offers are sent on mail. Don't worry: we do not send too many emails..:)



Join Our Newsletter
Get the latest updates from our side, including offers and free live updates, on email.
Join Our Newsletter
Leverage agile frameworks to provide a robust synopsis for high level overviews.
Special Launch Offer: 20% off all courses till 24th Jan, 2023.
10
days
10
hours
10
minutes
10
seconds
4 Short Term Courses launched for CAT-2021. Special 10% off as launch offer.
10
days
10
hours
10
minutes
10
seconds
Join our Free TELEGRAM GROUP for exclusive content and updates
Join our Free TELEGRAM GROUP for exclusive content and updates

Pin It on Pinterest