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WorksheetsIntroduction to Indian Economy
Total questions: 11
Worksheet time: 9mins
1. Union Budget of India is presented by whom and in which house/ houses of the Parliament?
Finance Minister of India; Lok Sabha
Prime Minister of India; Rajya Sabha
Cabinet Secretary; Both Lok Sabha and Rajya Sabha
President of India; in joint session of Parliament
2. Who among the following presented the first budget (interim) of Independent India?
Jawaharlal Nehru
R K Shanmukham Chetty
N.D. Tiwari
Morarji Desai
3. If a person is ready to work at the prevailing wage rate in the market, but he is unable to find the work, then what type of unemployment would it be called?
Voluntary unemployment
Involuntary unemployment
Seasonal unemployment
None of the above
4. If new computers are being installed in a company and some employees are fired from the job due to lack of computer knowledge then what kind of unemployment would it be called?
Disguised Unemployment
Structural unemployment
Hidden unemployment
Frictional unemployment
5.What type of unemployment is found in the agriculture sector of India?
Disguised Unemployment
Voluntary unemployment
Frictional unemployment
None of the above
6. Why was the World Bank established?
To promote the International Trade
To reconstruct the economies damaged during the Second World War
To improve the adverse Balance of Payment situation of the nonmember countries
None of the above
Who is the current President of the World Bank Group?
(a)
Who regulates finance market in India?
Ministry of finance
Reserve bank of India
Ministry of trade and commerce
SEBI
9. When was COPRA implemented in India?
(a)
10. Which of the following is a direct tax?
Corporation tax
Custom duty
Excise duty
Service tax
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