The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of

• growth of population
• increase in price level
• growth of money supply
• increase in the wage rate
Solution
Correct Option: B  [ increase in price level ]

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.

Which industry employs the largest number of women in India ?

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

Explanation:

The basic regulatory authority for mutual funds and stock markets lies with the:

• Stock exchanges
• Government of India
• Reserve Bank of India
• Securities and Exchange Board of India.
Solution
Correct Option: D  [ Securities and Exchange Board of India. ]

Explanation:

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:

Economic growth is usually coupled with ___________.

• deflation
• inflation
• Stagflation
• hyper inflation
Solution
Correct Option: B  [ inflation ]

Explanation:

Which is the following is direct tax ?

• Income tax
• Excise duty
• Sales tax
• None of these
Solution
Correct Option: A  [ Income tax ]

Explanation:

If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be to :

• decrease it
• increase it
• No impact
• None of these
Solution
Correct Option: B  [ increase it ]

Explanation:

Which of the following is true in respect of Centre-State financial relations ?

• Amount given by Centre is the only source of income to States
• States can by-pass Centre while taking foreign loans
• States can not levy income tax
• States can claim 100 % share in excise duty on goods produced in the State
Solution
Correct Option: C  [ States can not levy income tax ]

Explanation:

Which institution in India controls the monetary policy of Indian currency?

• Finance Commission
• The Finance Ministry of India
• The Reserve Bank of India
• None of the above
Solution
Correct Option: C  [ The Reserve Bank of India ]

Explanation: