The full form of GST is:

• General Sales Tax
• Goods and Services Tax
• Government Special Tax
• General Service Tax
Correct Option: B  [ Goods and Services Tax ]

Remark:

What is the 'Repo rate' ?

• It is the rate at which International Aid Agencies lend to RBI
• It is the rate at which the banks lend to RBI
• It is the rate at which RBI borrows from the market
• It is the rate at which RBI lends to banks
Correct Option: D  [ It is the rate at which RBI lends to banks ]

Remark:

Green revolution occurred during:

• 1945-1955
• 1965-1975
• 1985-1995
• none of these
Correct Option: B  [ 1965-1975 ]

Remark:

Which of the following products of Tripura ranks Second in all India level in terms of production ?

• Paddy
• Bamboo
• Natural gas
• Natural rubber
Correct Option: D  [ Natural rubber ]

Remark:

The qualification for the Chairman and the members of the Finance Commission are specified in:

• Finance Act of 1951
• Finance Act of 1952
• Finance Act of 1950
• Finance Act of 1953
Correct Option: A  [ Finance Act of 1951 ]

Remark:

When was National Bank of Agriculture and Rural Development (NABARD) established ?

• 6th Dec, 1947
• 6th Dec, 1982
• 5th Nov, 1982
• 7th Oct, 1982
Correct Option: C  [ 5th Nov, 1982 ]

Remark:

What is hard currency?

• A stable currency
• Arranged in war time
• Issued by IMF
• Given by RBI to foreign banks
Correct Option: A  [ A stable currency ]

Remark:

A closed economy is an economy in which:

• the money supply is fully controlled
• deficit financing takes place
• only exports take place
• Neither exports nor imports take place.
Correct Option: D  [ Neither exports nor imports take place. ]

Remark: