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Question 1
economy
Which activity is <i>not</i> included in service sector ?
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Correct Answer

Electricity, gas and water supply

Explanation
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Question 2
economy
The period of high inflation and low
economic growth is termed as:
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Correct Answer

Stagflation

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Question 3
economy
Which institution in India controls the monetary policy of Indian currency?
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Correct Answer

The Reserve Bank of India

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Question 4
economy
Which one of the following is the main source of revenue for the states ?
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Correct Answer

Sales tax

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Question 5
economy
The full form of GST is:
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Correct Answer

Goods and Services Tax

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Question 6
economy
In India, National Income is computed by :
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Correct Answer

Central Statistical Organisation

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Question 7
economy
Which of the following benefits is covered under
social security schemes ?
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Correct Answer

All of the above

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Question 8
economy
What is the 'Repo rate' ?
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Correct Answer

It is the rate at which RBI lends to banks

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Question 9
economy
Who was the father of Operation Flood in India ?
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Correct Answer

Dr. Varghese Kurien

Explanation

Operation Flood related to Milk Production.

Question 10
economy
Fiscal Deficit is:
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Correct Answer

Government expenditure minus revenue receipts

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