Fiscal policy is connected with:

• exports and imports
• issue of currency
• public revenue and public expenditure
• liquidity of money
Solution
Correct Option: C  [ public revenue and public expenditure ]

Explanation:

The earlier name of WTO was:

• UNCTAD
• GATT
• UNIDO
• OECD
Solution
Correct Option: B  [ GATT ]

Explanation: General Agreement on Trade and Tariffs (GATT) under the Marrakesh Agreement. The World Trade Organization (WTO) began journey on 1 January 1995.

In Income Tax, Assessee is :

• a person who pays income tax
• a person who deducts income tax from its employees
• a person who prepares income tax Return of tax payers
• None of these
Solution
Correct Option: A  [ a person who pays income tax ]

Explanation:

What is hard currency?

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

Explanation:

In India, present trend of rapid urbanization is due to:

• lack of employment opportunities in rural areas
• influence of cinema and electronic media
• break up of joint family system
• abolition of zamindari tystem
Solution
Correct Option: A  [ lack of employment opportunities in rural areas ]

Explanation:

Which of the following is the main problem in the growth of agriculture sector in Tripura ?

• About 96 per cent of the land holdings are small and marginal
• 60 per cent of the total geographical area is forest cover
• Two-third of the geographical area is hilly
• All of the above
Solution
Correct Option: D  [ All of the above ]

Explanation:

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.
Solution
Correct Option: D  [ Neither exports nor imports take place. ]

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.

In India, Special Economic Zones were established to enhance:

• Technology Development
• Free Trade
• Foreign Investment
• Employment
Solution
Correct Option: B  [ Free Trade ]

Explanation:

Which of the following is a primary sector of economic activities in India ?

• Food processing
• Telecom services
• Manufacturing industry
• Agriculture
Solution
Correct Option: D  [ Agriculture ]

Explanation: