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WorksheetsIndian Economy _ Revision 1
Total questions: 50
Worksheet time: 25mins
Why the World Bank was 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 non member countries
Currently how many members are in the IBRD?
193
189
206
198
Who of the following never appointed as the President of the World Bank Group?
Paul Krugman
Robert Zoellick
George Woods
Eugene Meyer
Which of the following institutions is not part of the World Bank community?
WTO
IDA
IFC
IBRD
Who is the richest person in the world in July 2020?
Jeff Bezos
Jack ma
Bill Gates
Warren Buffett
Which country has the most number of billionaires in the world
India
China
USA
UK
How many billionaires in India?
120
102
230
77
Who is the richest person in the Asian continent?
Jack Ma
Ma Huateng
Mukesh Ambani
Anil Ambani
Who is the youngest billionaire in the Forbes top 20 richest list?
Mukesh Ambani
Mark Zuckerberg
Elon Musk
Larry Page
What was the period of the 12th five-year plan of India?
2012 to 2017
2007 to 2012
2017 to 2022
2010 to 2015
Who was the last deputy chairman of the Planning Commission?
Dr. Manmohan Singh
C. Rangarajan
Montek Singh Ahluwalia
Shri Pranab Mukherjee
What are the Pillars of Self-Reliant India Movement?
Infra-structure
Economy
Demography
Infra-structure, Economy , Demography
Find the incorrect match.
(a) Minimum Wages Act:1948
(b)Maternity Benefits Act: 1961
(c) Payment of Bonus Act: 1971
(d) The Trade Unions Act: 1926
a
b
c
d
A pregnant women employees is entitled to get paid maternity leave for.....
6 weeks
10 weeks
12 weeks
16 weeks
When was Sexual Harassment of Women employees at the Workplace Act passed?
2007
2001
1995
2013
Which article of the Indian Constitution gives freedom to form a trade Union?
Article 23
Article 19(1)(c)
Article 24
Article 14
Who had formulated the Employees Provident Fund Scheme?
Medical Benefit Council
ESIC
The State Government
The Central Government
Consider the following statement.
I. Human Development Index (HDI) is released by the IMF.
II. The Human Development Index rank of India is 129 in 2019.
Which of the above statement is/are correct?
(a) Only I (b)Only II (c) Both correct (d) Both incorrect
a
b
c
d
Who releases the Global Competitive Report?
World bank
IMF
World Economic Forum
World Trade Organisation
What is the Indian rank in ‘Ease of Doing Business’ 2020?
63
78
129
57
Who publishes the report on the Global social Mobility Index?
World Bank
WHO
World Economic Forum
Asian Development Bank
"Zero Defect Zero Effect" slogan is related to which of the following scheme?
Digital India
Make in India
Startup India
Clean India mission
Who releases data of national income in India?
NSSO
CSO
NITI Aayog
RBI
Who can declare a financial emergency in the country?
Finance Minister of India
President of India
Lok Sabha Speaker
Chief Justice of Supreme Court
When was the National Emergency first declared in India?
1965
1991
1975
Never
A proclamation of financial emergency must be approved by both the Houses of Parliament within ....... from the date of its issue.
2 months
3 months
6 months
6 weeks
Emergency Provisions in the Indian Constitution are derived from the Constitution of …….
Germany
America
Canada
Britain
Which of the following is not the rate of tax slab in the Union Budget 2020-21?
10%
15%
25%
40%
What was the theme of the Union Budget 2020-21?
Har Nagrik Jeetega
Ease of Living
Ude Desh ka Aam Nagrik
Sabka Sath, Sabka Vikas aur Sabka Vishwas
Vivad se Vishwas scheme is related to…
Indirect Tax
Direct Tax
Both Direct and Indirect
Neither Direct nor Indirect
What is the biggest item of government expenditure in budget 2019-20?
Loan repayment
Defense expenditure
Expenditure on Central Plans
Share of the states in taxes and fees
The rate which the income tax is imposed in India is called....
Digressive rate
Progressive rate
Regressive rate
Proportionate rate
How much cess is imposed currently by the Central Government?
4%
3.5%
3%
0.5%
What type of unemployment is found in developed countries?
Involuntary unemployment
Voluntary unemployment
Structural unemployment
Disguised Unemployment
What type of unemployment is found in the agriculture sector of India?
Disguised Unemployment
Voluntary unemployment
Frictional unemployment
UnVoluntary unemployment
Who developed the concept of disguised unemployment?
John Keynes
Amartya Sen
John Robinson
Alfred Marshall
When was R.B.I. nationalised?
1935
1949
1929
1914
Who was the first governor of Reserve Bank of India from Indian origin?
Osborne Smith
C. Rajagopalachari
L. K. Jha
C.D. Deshmukh
The concept of Goods and Services Tax (GST) is originated in
Canada
USA
Britain
Germany
Which of the following tax will be abolished by the GST?
Service Tax
Corporation tax
Income Tax
Wealth Tax
What kind of Tax is GST?
Direct Tax
Indirect Tax
Depends on the type of goods and services
When was SAARC established?
1967
1995
1953
1985
Where is the headquarters of the SAARC?
Manila
Kathmandu
New Delhi
Jakarta
What is the full form of ASEAN?
Association of South East Asian Nations
Administration of Southern East Asian Nations
Organisation of South East Asian Nations
Administration of South East Asian Nations
Where is the headquarters of ASEAN?
Bali
Jakarta
Manila
Singapore
When was SEBI constituted?
April, 1988
March, 1982
July, 1992
Dec. 1974
Where is the headquarter of the SEBI?
Delhi
Bengaluru
Chennai
Mumbai
Who determines the eligibility of members of the Finance Commission?
President
Parliament
Law Minister
Prime Minister
Black revolution is related to the…….
Fish production
Coal production
Crude oil production
Mustard Production
Which agency is responsible for procurement, distribution and storage of food grain production in India?
Ministry of Agriculture
Food Corporation of India
NAFED
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