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Worksheets

ROUND-1

Total questions: 15

Worksheet time: 5mins

Name
Class
Date
1.

Who fixes the REPO rate in India?

a)

1) IMF - International Monetary Fund

b)

2) RBI - Reserve Bank of India

c)

3) NITI Ayog

d)

4) SEBI - Securities and Exchange Board of India

2.

In case of elastic demand, an increase in price will -

a)

1) lead to increase in total revenue

b)

2) lead to decrease in total revenue

c)

3) have no effect on total revenue

d)

4) None of the above

3.

Which one of the following items is not covered under GST?

a)

1) Cosmetics

b)

2) Medical grade oxygen

c)

3) Jewellery

d)

4)Petrol

4.

Who among the following, first mooted the idea of deficit financing?

a)

1) Adam Smith

b)

2) Alfred Marshall

c)

3) John Maynard Keynes

d)

4) Milton Friedman

5.

Government of which country has proposed the 'burp and fart' tax?

a)

1) Denmark

b)

2) Russia

c)

3) New Zealand

d)

4) Australia

6.

Which of the following organizations is known as Market Regulator in India?

a)

1) SEBI

b)

2) IBA

c)

3) AMFI

d)

4) NSDL

7.

Which one of the following is not a direct determinant of demand?

a)

1) Saving

b)

2) Income

c)

3) Price of the commodity

d)

4) Taste

8.

Which of the following is not an instrument of fiscal policy ?

a)

1) Tax

b)

2) Government Expenditure

c)

3) Bank Rate

d)

4) Public Borrowings

9.

Ngultrum is the currency of -

a)

1) Nepal

b)

2) Bhutan

c)

3) Myanmar

d)

4) Indonesia

10.

Which of the following is not an example of Direct Tax?

a)

1) GST

b)

2) Income Tax

c)

3) Wealth Tax

d)

4) Corporate Tax

11.

Foreign Exchange reserves in India are managed by -

a)

1) CDSL

b)

2) RBI

c)

3) NSDL

d)

4) Ministery of Finance

12.

What product is this ?

(a)  

13.

What product is this?

(a)  

14.

what product is this ?

(a)  

15.

WHAT PRODUCT IS THIS?

(a)