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Worksheets

Indian Economy - 2

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

Jawahar Rojgar Yojna was launched in:

a)

5th five year plan

b)

6th five year plan

c)

8th five year plan

d)

7th five year plan

2.

Who is the current chairman of the SEBI?

a)

U.K. Sinha

b)

Ajay Tyagi

c)

T.S.Vijayan

d)

A. K. Mathur

3.

When was SEBI constituted?

a)

April, 1988

b)

March, 1982

c)

July, 1992

d)

Dec. 1974

4.

Where is the headquarters of ASEAN?

a)

Bali

b)

Jakarta

c)

Manila

d)

Singapore

5.

When was ASEAN established?

a)

1963

b)

1967

c)

1985

d)

1996

6.

What is the full form of ASEAN?

a)

Association of South East Asian Nations

b)

Administration of Southern East Asian Nations

c)

Organisation of South East Asian Nations

d)

Administration of South East Asian Nations

7.

Where is the headquarters of the SAARC?

a)

Manila

b)

Kathmandu

c)

New Delhi

d)

Jakarta

8.

When was SAARC established?

a)

1967

b)

1995

c)

1953

d)

1985

9.

Which of the following is the main motive of the government behind the introduction of the Goods and Services Tax

a)

To bring tax uniformity in the country

b)

To increase government revenue

c)

To replace all the indirect tax

10.

Which constitutional amendment is done to pass the GST bill?

a)

101

b)

120

c)

122

d)

115

11.

What kind of Tax is GST?

a)

Direct Tax

b)

Indirect Tax

c)

Depends on the type of goods and services

12.

Which of the following tax will be abolished by the GST?

a)

Service Tax

b)

Corporation tax

c)

Income Tax

d)

Wealth Tax

13.

The concept of Goods and Services Tax (GST) is originated in

a)

Canada

b)

USA

c)

Britain

d)

Germany

14.

Who was the first governor of Reserve Bank of India from Indian origin?

a)

Osborne Smith

b)

C. Rajagopalachari

c)

L. K. Jha

d)

C.D. Deshmukh

15.

When was R.B.I. nationalised?

a)

1935

b)

1949

c)

1929

d)

1914

16.

On which commission’s recommendations; Reserve Bank of India was established?

a)

Chamberlain Commission

b)

Hilton Young Commission

c)

Keynes Commission

17.

Which state initiated the eradication of Zamindari system?

a)

Bihar

b)

Bengal

c)

Maharashtra

d)

Uttar Pradesh

18.

Who started the Mahalwari system?

a)

William Bentinck

b)

L. Cornwallis

c)

Sir John Shore

19.

What is the right formula to know the unemployment rate?

a)

Total number of unemployed / total labour force X 100

b)

Total labour force / Total number of unemployed x 100

c)

Total number of unemployed / total labour force x 1000

d)

Total labour force / Total number of unemployed x 1000

20.

Who developed the concept of disguised unemployment?

a)

John Keynes

b)

John Keynes

c)

John Robinson

d)

Alfred Marshall

21.

What type of unemployment is found in developed countries?

a)

Involuntary unemployment

b)

Voluntary unemployment

c)

Structural unemployment

d)

Disguised Unemployment

22.

The rate which the income tax is imposed in India is called

a)

Digressive rate

b)

Progressive rate

c)

Regressive rate

d)

Proportionate rate

23.

Interim budget is also known as.

a)

Mini budget

b)

Vote on Account

c)

Mini budget and Vote on Account

24.

The Union Budget 2020-21 aims: I. To achieve seamless delivery through digital governance. II. To improve the physical quality of life through national infrastructure pipeline

a)

only I

b)

only I, II

c)

Only II

d)

neither I nor II

25.

Who can declare a financial emergency in the country?

a)

Finance Minister of India

b)

President of India

c)

Lok Sabha Speaker

d)

Chief Justice of Supreme Court