1. Fiscal policy refers to:A) Money supply controlB) Government’s revenue and expenditure decisionsC) Credit regulationD) Foreign trade policyAnswer: BExplanation: Fiscal…
Browsing: Economics
1. The central problems of an economy are mainly related to:A) Production, Distribution, EmploymentB) What to produce, How to produce,…
1. India adopted the system of Five Year Plans from which country?A) USAB) USSR (Soviet Union)C) UKD) JapanAnswer: BExplanation: India…
1. The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was launched in:A) 2002B) 2005C) 2007D) 2010Answer: BExplanation: MGNREGA (2005)…
1. The United Nations was founded in:A) 1919B) 1941C) 1945D) 1950Answer: CExplanation: The UN was established in 1945 after World…
1. A financial institution is defined as:A) A firm producing goodsB) An institution that facilitates financial transactionsC) Only commercial banksD)…
1. Money is defined as:A) Anything accepted as a medium of exchangeB) Only coins and currency notesC) Only bank depositsD)…
1. Tax is a:A) Voluntary payment to governmentB) Compulsory payment without direct benefitC) Fee for services renderedD) Donation to governmentAnswer:…
1. A government budget is:A) An account of imports and exportsB) An annual statement of estimated revenue and expenditureC) A…
1. Inflation refers to:A) Continuous rise in prices of all goods and servicesB) Fall in prices of essential commoditiesC) Rise…