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  • 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-9

Congratulations - you have completed Static GK Test: Economics, Test-9.You scored %%SCORE%% out of %%TOTAL%%.Your performance has been rated as %%RATING%%
Your answers are highlighted below.
Question 1
What is Value Added Tax (VAT)?
A
A new initiative taken by the government to increase the tax-burden of high income groups
B
A simple, transparent, easy to pay tax imposed on consumers
C
A single tax that replaces State taxes like surcharge, turnover tax, etc.
D
A new tax to be imposed on the producers of capital goods
Question 2
The outcome of 'devaluation of currency' is
A
increased export and foreign reserve deficiency
B
increased export and improvement in balance of payments
C
increased import and improvement in balance of payments
D
increased export and import
Question 3
The common currency which has been introduced among 11 European nations is known as
A
Euro
B
Euro Pound
C
Euro Dollar
D
None of the above
Question 4
Which one of the following is not a direct tax?
A
Wealth Tax
B
Professional Tax
C
Income Tax
D
Sales Tax
Question 5
Which of the following items would not appear in a company's balance sheet?
A
Total issued capital
B
Cash held at the Bank
C
Value of raw material stock
D
Revenue from sales
Question 6
In which year was the India Brand Equity Fund established?
A
1992
B
1998
C
1995
D
1996
Question 7
The Eleventh Five Year Plan has been named as
A
'Towards Fast and More Inclusive Growth'
B
'Towards Infrastructural and Agricultural Growth'
C
'Towards Rapid Educational and Economical Growth'
D
None of the above
Question 8
In India, National Income is estimated by
A
Central Statistical Organization
B
Planning Commission
C
Indian Statistical Institute
D
National Sample Survey Organization
Question 9
Which one of the following is not correctly matched?
A
White : Dairy
B
Green Revolution : Agriculture
C
Blue Revolution : Fishery
D
Red Revolution : Wool
Question 10
Who finally approves the draft Five Year Plans?
A
Prime Minister
B
Planning Commission
C
President
D
National Development Council
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