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Question 1
economy
The full form of GST is:
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Correct Answer

Goods and Services Tax

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Question 2
economy
Fiscal Deficit is:
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Government expenditure minus revenue receipts

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Question 3
economy
Poverty is defined as:
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A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income

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Question 4
economy
Government imposes taxes to:
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run the machinery of State

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Question 5
economy
The equilibrium condition for money market is:
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demand for money should be equal to supply of money

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Question 6
economy
National Development Council was set up in:
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1952

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Question 7
economy
If withdrawal of a worker from employment does not create any output loss, this situation is known as
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Disguised unemployment

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Question 8
economy
"Swadesh Darshan" is:
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a scheme for development of tourism infrastructure

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Question 9
economy
Where is the headquarter of State Bank of India (SBI) situated ?
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Correct Answer

Mumbai

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Question 10
economy
Assertion (A) :

The development programmes undertaken in India are oriented towards economic growth along with social justice.



Reason (R) :

Indian economy is afflicted with poverty, unemployment and inequalities.



Select the correct answer from the following options.
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Correct Answer

Both (A) and (R) are correct, and (R) is the correct explanation for (A)

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