DHS Assam Grade-III Recruitment 2022

Assam Direct Recruitment 2022 Grade-III Mock Test Series

Indian Economy MCQ Set-10

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. Which is NOT a main items of the Capital Receipts?

a) Market Loans

b) Borrowings by the Government

c) Loans received from foreign governments and International financial Institutions.

d) Import duty

Correct! Wrong!

2. Seawater, fresh air, etc. are regarded in Economics as:

a) Normal Goods

b) Free Goods

c) Giffen Goods

d) Veblen Goods

Correct! Wrong!

3. Which tax is not shared between the Union & the States?

a) Personal Income Tax

b) Sales Tax

c) Corporate Gain Tax

d) Excise Duty

Correct! Wrong!

4. Insurance sector is regulated by:

a) Reserve Bank of India

b) National Bank for Agriculture and Rural Development(NABARD)

c) Insurance Regulatory and Development Authority(IRDA)

d) Small Industries Development Bank of India

Correct! Wrong!

5. When was the Jawahar Rozgar Yojana lanuched?

a) 2006

b) 1991

c) 1985

d) 1989

Correct! Wrong!

6. The abbreviation "SEBI" stands for:

a) Securities & Exchange Branch of India

b) Services & Exchange Board of India

c) Securities & Exchange Board of India

d) Services & Exchange Branch of India

Correct! Wrong!

7. Who is the ex-officio chairman of NITI ayog?

a) Finance Minister

b) Speaker of Lok Sabha

c) President of India

d) Prime Minister of India

Correct! Wrong!

8. Which one is NOT a feature of Monopoly?

a) Single seller of a commodity

b) Difficulty of entry of a new firm

c) Full control over price

d) Low profit margin

Correct! Wrong!

9. India is called a mixed economy because of the existence of:

a) Public Sector & Govt Sector

b) Public Sector & Cooperative Sector

c) Private Sector & Public Sector

d) Private Sector & Govt. Sector

Correct! Wrong!

10. Comprehensive inflation is when:

a) The prices of all commodities rise throughout the economy

b) The prices of industrial products rise throughout the economy

c) The price of service taxes rise throughout the economy

d) The price of Income tax rise throughout the economy

Correct! Wrong!

Indian Economy MCQ Set-10

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