Parallel economy refers to:

• Traditional economy
• Black money
• Agriculture based economy
• Socialist economy
Solution
Correct Option: B  [ Black money ]

Explanation:

Which one of the following is the main source of revenue for the states ?

• Property tax
• Sales tax
• Excise duty
• None of these
Solution
Correct Option: B  [ Sales tax ]

Explanation:

Which industry employs the largest number of women in India ?

• Tea
• Textile
• Jute
• Coal
Solution
Correct Option: B  [ Textile ]

Explanation:

'Economic Survey' is published by:

• The Ministry of Finance
• The Planning Commission
• The Government of India
• The Central Statistical Organization
Solution
Correct Option: A  [ The Ministry of Finance ]

Explanation:

About Deendayal Antyodaya Yojana (DAY) which of the following is not correct ?

• It focuses on both the rural and urban areas
• It aims at skill development.
• It is a State Government's scheme
• It has replaced Ajeevika
Solution
Correct Option: C  [ It is a State Government's scheme ]

Explanation:

Who was the father of Operation Flood in India ?

• Dr. Varghese Kurien
• M. S. Swaminathan
• A P J Abdul Kalam
• Morarji Desai
Solution
Correct Option: A  [ Dr. Varghese Kurien ]

Explanation: Operation Flood related to Milk Production.

Which of the statements given below is/are correct?

(i) GNP is always higher than GDP.

(ii) If GDP is greater than GNP, then net factor income earned abroad is negative.

Select the correct answer using the codes given below.

• Only (i)
• Only (ii)
• Both (i) and (ii)
• Neither (i) nor (ii)
Solution
Correct Option: B  [ Only (ii) ]

Explanation:

Poverty is defined as:

• A monetary condition brought about by people's own laziness
• A monetary condition where people do not have enough to satisfy basic needs
• A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
• All of the above
Solution
Correct Option: C  [ A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income ]

Explanation:

In India the Repo rate is announced by:

• the Ministry of Finance, Government of India
• the Prime Minister of India
• the Reserve Bank of India
• the President of India
Solution
Correct Option: C  [ the Reserve Bank of India ]

Explanation:

SRI, which is highly practiced in Tripura is associated with:

• Rice production
• Rural internal connectivity
• E-marketing
• Regards to elders
Solution
Correct Option: A  [ Rice production ]

Explanation: