Economics General Studies Questions for ssc upsc competitive examspage 4

46 .Economic survey is published by:

A. Ministry of Finance

B. Planning Commission

C. Govt, of India

D. Indian Statistical Institute

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47 .Which of the following is not an affiliate of the Reserve Bank of India ?

A. Unit Trust of India

B. The Industrial Development Bank of India

C. Agricultural Refinance Corporation

D. Deposit Insurance Corporation

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48 .India has the maximum volume of foreign trade with :

A. USA

B. Japan

C. Germany

D. UAE

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49 .Bouncing of cheques has become an offence. What is the punishment for the same:

A. 6 months imprisonment

B. 1 year imprisonment

C. 2 years imprisonment

D. 3 years imprisonment

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50 .The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called :

A. SBRC (Statutory Bank Ratio)

B. SLR (Statutory Liquid Ratio)

C. CBR (Central Bank Reserve)

D. CLR (Central Liquid Reserve)

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51 .Temporary tax levied to obtain additional revenue is called:

A. cess

B. rate

C. fee

D. surcharge

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52 .The tax whose share in overall taxation revenue has gone up rapidly during the planning period is :

A. income tax

B. wealth tax

C. capital gains tax

D. tax on production

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53 .The budget is presented to the Parliament on :

A. the last day of February

B. 15th March

C. the last day of March

D. 1st April

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

A. Government of India

B. Reserve Bank of India

C. Securities and Exchange Board of India

D. Stock Exchanges

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55 .After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the:

A. Wanchoo Committee

B. Rajah Chelliah Committee

C. Raj Committee

D. Narsimhan Committee

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56 .Which among the following is the oldest Development Financial Institution of India?

A. UTI

B. IDBI

C. ICICI

D. IFCI

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57 .Which of the following is not true about 'vote-on-account'?

A. It is a budget presented in the Parliament to cover the deficit left by the last budget

B. It does not allow the Government to set for the economic policies of the new plan which starts from April 1

C. It prevents the Government from imposing fresh taxes or withdrawing old one

D. This allows the Government to withdraw an amount for a period with the consent of Parliament

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58 .Which State has the maximum number of people living below the poverty line ?

A. Bihar

B. Madhya Pradesh

C. Maharashtra

D. Uttar Pradesh

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59 .Which of the following is not a method of estimating national income?

A. Income method

B. Value-added method

C. Expenditure method

D. Export-import method

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60 .The deputy chairman of the Planning Commission:

A. is the Prime Minister

B. is the Planning Minister

C. holds the rank of a cabinet minister

D. is an economist of repute

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