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Objective Questions
GK
GK Set-1
Economics
Indian Economics
240

Indian Economics MCQ (GK Set-1) with Answers

240) If prices rise, the direct real burden of public debt will

Also increase

Fall

Remain unchanged

Be uncertain

Answer is:

Fall

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

241) When current income of the Government is less than its current expenditure, it is known As

Budget deficit

Fiscal Deficit

Revenue deficit

Primary Deficit

Answer is:

Budget deficit

242) If income elasticity of demand is high

Tax rates should be decreased

Tax rates should be increased

Tax should not be imposed

None of the above

Answer is:

Tax rates should be increased

243) Which Economist first suggested imposition of Expenditure tax?

J. Hicks .

Dalton

N. Kaldor

Musgrave

Answer is:

N. Kaldor

244) 1. Who was the first administrator-statesman to attempt planning as a means for economic development?

Sir CP Ramaswami Aiyyar

M Viswesvarayya

VT Krishnamachari

C Rajagopalachari

Answer is:

M Viswesvarayya

Indian Economics MCQ (GK Set-1) with Answers

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