Business and Economics - General Knowledge Questions

1 .
Which of the following schemes enjoys the benefit of triple tax exemptions, i.e., the exempt-exempt-exempt (EEE) status?
A)
Senior Citizens Savings Scheme (SCSS)
B)
National Savings Certificate Scheme
C)
Public Provident Fund
D)
Equity Linked Savings Scheme

Correct Answer :   Public Provident Fund

PPF is one of the few investment products that enjoys the benefit of triple tax exemptions, i.e., the exempt-exempt-exempt (EEE) status.

2 .
Hindu rate of growth refers to the rate of growth of
A)
GDP
B)
Population
C)
Foodgrains
D)
Per captain income

Correct Answer :   GDP

3 .
Which amongst the following states/UTs has Not identified tribal community
A)
Chhattisgarh
B)
Haryana
C)
Maharashtra
D)
Karnataka

Correct Answer :   Haryana

4 .
Who coined the term 'Hindu rate of growth' for Indian economy
A)
Kirit S.Parikh
B)
A.K.Sen
C)
Montek Singh Ahluwalia
D)
Raj Krishna

Correct Answer :   Raj Krishna

5 .
During which decade did the population of India record a negative growth rate
A)
1911 - 21
B)
1921 - 31
C)
1931 - 41
D)
1941 -51

Correct Answer :   1911 - 21

6 .
National Income estimates in India are prepared by
A)
Planning Commission
B)
Reserve Bank of India
C)
Central statistical organisation
D)
Indian statistical Institute

Correct Answer :   Central statistical organisation

7 .
Impact of change in demand in one sector on other sectors is studied by
A)
Partial equilibrium
B)
General equilibrium
C)
Both (a) and (b)
D)
None of the above

Correct Answer :   General equilibrium

8 .
A market in which only two firms exist is
A)
Duopoly
B)
Oligopoly
C)
Duopsony
D)
Oligopsony

Correct Answer :   Duopoly

9 .
In the case of an inferior good, the income effect
A)
Is equal to the substitution effect
B)
Partially offsets the substitution effect
C)
Reinforces the substitution effect
D)
More than offsets the substitution effect

Correct Answer :   Partially offsets the substitution effect

10 .
Law of diminishing marginal rate of substitution is associated with
A)
Hicks
B)
Keynes
C)
Slutsky
D)
Marshall

Correct Answer :   Hicks

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