. The state of insing price is known as (1) Inflating (2) Deflation (3) Stagflation (4) Reflation1 1738
. Hundred-rupee note is issued by (1) The State Bank of India (2) The Reserve Bank of India (3) The Ministry of Finance (4) None1 2563
. Which one of the following is an indirect tax? (1) Land revenue (2) Income Tax (3) Import duty (4) Estate duty1 4671
. Which one of the following is a legal money (1) Gold (2) Cheque (3) Promissory note (4) Currency notes and coins1 2041
. Inflation means (1) Falling prices (2) Rising prices (3) Low prices (4) Very high prices1 1958
. India’s largest export of tea is to (1) China (2) America (3) The United Kingdom (4) Japan1 2201
. Land Development banks provide credit to the farmers for (1) Buying land (2) Digging wells (3) Marketing their agricultural surplus (4) All the above1 2110
. The measurement of poverty line is based on the criterion of (1) Their dwelling houses (2) The nature of employment (3) Caloric consumption (4) The level of education1 1968
. Small industries are encouraged because (1) There is a large employment potential (2) Quality of goods produced is high (3) Cost of production is low (4) Initial capital investment is low3 2282
. Which one of the following is the cheapest source of energy? (1) Wind power (2) Hydroelectricity (3) Solar energy (4) Tidal wave power1 2116
. Main cause of the inflation in India is (1) Lack of money (2) No foreign exchange (3) Low output (4) None of the above1 3308
. The type of economy we have in India is (1) Capitalistic (2) Socialistic (3) Communistic (4) Mixed4 6239
. When the price of a commodity is higher than the controlled price, it is known as (1) Overdue price (2) Fair price (3) Black-market price (4) Surplus price1 1939
. A fall in the price of a commodity leads to (1) A rise in Consumer’s real income (2) A shift in demand (3) A fall in demand (4) A fall in Consumers real income
. Production is a function of (1) Profits (2) Costs (3) Price (4) Factory1 1870
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