Q1. Economic development depends on:
(a) Natural resources
(b) Capital formation
(c) Size of the market
(d) All of the above
Q2. Human Development Index was developed by:
(a) Amartyasen
(b) Friedman
(c) Mahbub-ul-Haq
(d) Montek Singh
Q3. ‘Take-off stage’ in an economy means
(a) Steady growth begins
(b) Economy is stagnant
(c) Economy is about to collapse
(d) All controls are removed
Q4. How the interest-level of a country is affected by FDI?
(a) increases
(b) decreases
(c) remains unaffected
(d) there is increase or decrease
Q5. The incidence of sales tax falls on
(a) Consumers
(b) Wholesale dealers
(c) Retail dealers
(d) Producers
Q6. Who among the following has suggested tax on expenditure?
(a) Dalton
(b) Kaldor
(c) Musgrave
(d) GautamMathur
Q7. Deficit financing is an instrument of
(a) monetary policy
(b) credit policy
(c) fiscal policy
(d) tax policy
Q8. ‘Golden Handshake Scheme’ is associated with
(a) inviting foreign companies
(b) private investment in public enterprises
(c) establishing joint enterprises
(d) voluntary retirement
Q9. The ‘Interest Rate Policy’ is a component of
(a) Fiscal Policy
(b) Monetary Policy
(c) Trade Policy
(d) Direct Control
Q10. Imperial Bank was constituted in the year?
(a) 1930
(b) 1935
(c) 1955
(d) 1921
Q11. New capital issue is placed in
(a) Secondary market
(b) Grey market
(c) Primary market
(d) Black market
Q12. Disinvestment in Public Sector is called
(a) Liberalisation
(b) Globalisation
(c) Industrialisation
(d) Privatisation
Q13. Banks in India were nationalized for the first time in the year?
(a) 1950
(b) 1960
(c) 1969
(d) 1979
Q14. FERA in India has been replaced by
(a) FEPA
(b) FEMA
(c) FENA
(d) FETA
Q15. Paraellel economy emerges due to
(a) Tax Avoidance
(b) Tax Evasion
(c) Tax Compliance
(d) Tax Estimation
CRACK SSC CGL 2017
