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Worksheets

nut crackers

Total questions: 30

Worksheet time: 10mins

Name
Class
Date
1.

which of the following tax is not included in goods and service tax (GST)

a)

Excise Duty

b)

Custom Duty

c)

Value Added Tax

d)

Service Tax

2.

which of the following Prime Minister of India, is regarded as the "Father of Economic Reforms"?

a)

Rajiv Gandhi

b)

Manmohan Singh

c)

P.V. Narsimha Rao

d)

Atal Bihar Vajpayee

3.

Foreign Exchange Reserves in India are managed by-

a)

CDSL

b)

Ministry of Finance

c)

NSDL

d)

RBI

4.

which Ministry of Government of India is related for India's Foreign Trade Policy?

a)

Ministry of Defence

b)

Ministry of External Affairs

c)

Ministry of Commerce and Industry

d)

Ministry of Home Affairs

5.

National Income can be increased by-

a)

increase in population

b)

increase in the rate of investment

c)

increase in unemployment

d)

decrease in the price level

6.

Name the bank which has deployed Robotic Arms for currency sorting at its chests

a)

HDFC Bank

b)

Axis Bank

c)

YES Bank

d)

ICICI Bank

7.

Form 16A, a TDS certificate , is not issued to-

a)

winners of lottery

b)

payments on account of repurchase of mutual funds units

c)

salaried employees

d)

fees for technical services

8.

which are the BRIC countries?

a)

Brazil, Russia, India, and Canada

b)

Britain, Russia, India, and China

c)

Brazil, Russia, India and China

d)

Britain, Russia, India, and Canada

9.

which of the following is the direct tax?

a)

Corporation Tax

b)

Custom Duty

c)

Excise Duty

d)

Service Tax

10.

the purest form of the income of the nation is-

a)

Net National Income

b)

Gross National Income

c)

Gross National Product

d)

Net National Product

11.

which of the following is not a function of Reserve Bank of India (RBI)?

a)

issue of bank notes

b)

bankers to government

c)

custodian of cash reserve of commercial banks.

d)

to open savings bank account for general public

12.

If the Cash-Reserve Ratio is lowered by the RBI, what will be its impact on credit creation?

(a)  

13.

When was the State Bank of India established?

a)

1954

b)

1955

c)

1953

d)

1952

14.

SEBI Act was passed in the year-

a)

1956

b)

1962

c)

1992

d)

2013

15.

What Kind of tax is G.S.T?

a)

Direct Tax

b)

Indirect Tax

c)

Depends on the type of goods and service

d)

none of the above

16.

As per new classification of the World Bank (2020), Indian economy is a-

a)

Low Income Economy

b)

Lower-middle Income Economy

c)

Upper- middle Income Economy

d)

High-Income Economy

17.

India recently opened a new trade route with which nation?

a)

Myanmar

b)

Nepal

c)

Bangladesh

d)

Bhutan

18.

Recently, Google Pay has partnered with which Bank's card?

(a)  

19.

Study the following data carefully and answer the questions accordingly. The following codes are used: clubs (♣), diamonds (♦), hearts (♥) and spades (♠) A♥B means A is to the North of B. A♣B means A is to the South of B. A♠B means A is to the East of B. A♦B means A is to the West of B. There are 3 buses travelling from Z to Y.

Bus 1: K 16 ♦ Z, J 10 ♣ K, M 9 ♦ J, D 18 ♥ M, C 29 ♠ D, P 9 ♥ C, Y 4 ♦ P

Bus 2: E 35 ♣ Z, F 6 ♦ E, G 13 ♥ F, H 19 ♦ G, K 39 ♥ H, Y 25 ♠ L

Bus 3: N 32 ♠ Z, Q 4 ♥ N, S 8 ♦ Q, T 4 ♥ S, C 20 ♦ T

What is the distance between D & T?

a)

57m

b)

65m

c)

49m

d)

45m

20.

Statement: The sale of the product of a company has decreased significantly; the company is worried about the future of the product.

Courses of action;

I. The company should analyze the rival products available in the market.

II. The price of the product should be reduced, and its quality should be improved.

a)

only I follows

b)

Only II follows

c)

Either I or II follows

d)

Both I and II follows

21.

Laissez Faire policy is adopted in

a)

Capitalist economic system

b)

Mixed Economic System

c)

Socialist Economic System

d)

Mixed Economic System

22.

which stock exchange was the first in Asia?

a)

National Stock Exchange

b)

Bombay Stock Exchange

c)

Tokyo Stock Exchange

d)

Shanghai Stock Exchange

23.

The main Economic Problem faced by all society is:

a)

unemployment

b)

scarcity

c)

poverty

d)

Inequality

24.

Safe : Secure :: Protect :

a)

lock

b)

Guard

c)

sure

d)

conserve

25.

which word does not belong with others?

a)

wing

b)

fin

c)

beak

d)

rudder

26.

To approach this question, use a sentence: “A ______ could not exist without ______.”

Find the word that fits in.

a)

listing, document

b)

telephone, agreement

c)

names, agreement

d)

names, listing

27.

AMB, CLB, BKC, DJC, ______

a)

EID

b)

EJF

c)

EIF

d)

CID

28.

ZCF, YBE, XAD, WZC, (a)  

29.

Reverse Repo Rate is a tool used by RBI to

a)

Inject Liquidity

b)

Absorbs liquidity

c)

Increase the liquidity with banking system

d)

To keep the liquidity at one level

30.

MSME stands for

a)

medium, small and micro enterprise

b)

micro, small and medium enterprise

c)

mini, small and micro enterprise

d)

micro, small and medium enterprise