Indian Economy Test 2

In India, which of the following statements is true about the National Investment Fund?

Statements:

I. It was created in 2005.

II. 75% of its annual income was to be used for schemes promoting health, education and employment.

III. It was dissolved in 2018.

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Which of the following is considered a capital expense?

Which of the following statements is/are correct regarding changes to Atal Pension Yojana (APY) done in 2022?

A. According to the new criteria, any citizen who is or has been an income-tax payer, shall not be eligible to join APY after 1 October 2022.

B. Subscribers would receive the guaranteed minimum monthly pension of ₹1,000 or ₹2,000 or ₹3,000 or ₹4,000 or ₹5,000 at the age of 80 years.

C. As per the new rules, subscribers can make contributions to APY on a monthly basis only.

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Which of the following states has the highest fertility rate in India according to the 2011 census?

Which of the following is an indirect tax?

What is the name of the scheme launched in 2021 for students to attain foundational literacy and numeracy up to class 3?

Which state recorded the lowest literacy rate in the 2011 census?

The national census does NOT recognise ______ groups within India.

In India, who among the following is responsible for auditing all receipts and expenditure of the Union and State governments?

In India, according to the Insolvency and Bankruptcy Code, 2016, the process of insolvency resolution for companies should be completed in how many days?

The Reserve Bank of India introduced a comprehensive regulatory framework for NBFC-MFI on __________.

The population of India is _____ according to Census 2011.

Which of the following statements is/are correct regarding Government of India’s New Integrated Food Security Scheme?

A. This New Integrated Food Security Scheme has been started from 1 January 2023.

B. The Government of India targeted to supply food grains to more than 80 crores beneficiaries under the National Food Security Act.

C. First time this food grains supply programme was brought under the Ministry of Social Justice for effective implementation.

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The intervention of the government whether to expand demand or reduce it constitutes the ___________.

Assume that exchange rate between the US Dollar and Indian Rupee is $1= ₹55. Now if this exchange rate increases to $1 = ₹60, then in this case the Indian Rupee has ____ in comparison to the US dollar.

In_____ economies, all productive resources are owned and controlled by the government.

Which economist gave the theory of Opportunity cost?

Which country was the first to implement Goods and Services Tax (GST)?

What is the meaning of Fiscal Deficit ?

A savings fund in which both, the employer and the employee contribute regularly in the interest of the employee is known as: