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Objective Questions
GK
GK Set-1
Economics
Indian Economics
241

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

Indian Economics MCQ (GK Set-1) with Answers

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

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

245) An economy is at the take off stage on its path to development when it

becomes stagnant

begins steady growth

is liberalized

gets maximum foreign aid

Answer is:

begins steady growth

Indian Economics MCQ (GK Set-1) with Answers

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