The period of high inflation and low economic growth is termed as:

• Stagnation
• Take-off stage in economy
• Stagflation
• Depression
Correct Option: C  [ Stagflation ]

Remark:

Parallel economy refers to:

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

Remark:

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
Correct Option: C  [ It is a State Government's scheme ]

Remark:

The purpose of land reforms was to :

• increase the production in agriculture
• increase the purchasing power of the rural population
• ensure distributive justice with economic growth
• all of the above
Correct Option: D  [ all of the above ]

Remark:

ICDS was first introduced in India in the year

• 1975
• 1977
• 1979
• None of these
Correct Option: A  [ 1975 ]

Remark:

Gilt-edged market means:

• Market of government securities
• Bullion market
• Market of commodities
• Market of pure metals
Correct Option: A  [ Market of government securities ]

Remark:

Which of the following sector gives the largest income in India ?

• Trade sector
• Railway
• Agriculture
• Service sector
Correct Option: D  [ Service sector ]

Remark:

Scheme run under MGNREGA are sponsored :

• by the Central Government alone
• by the State Government alone
• partly by the Central Government and partly by the State Government
• by Centre, State and Panchayat bodies together
Correct Option: C  [ partly by the Central Government and partly by the State Government ]

Remark:

Government imposes taxes to:

• run the machinery of State
• uplift of weaker sections
• check the accumulation of wealth among the rich
• None of the above
Correct Option: A  [ run the machinery of State ]

Remark:

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
Correct Option: A  [ a person who pays income tax ]

Remark: