Hello Aspirants. Welcome to Online General Knowledge section in Affairs cloud, which is important for all the competitive exams. We have created Some questions related to Indian GK(Indian Economy) !!
- CENVAT is a/an …………………………….
1.Export Tax
2.Import Tax
3.Direct Tax
4.Indirect Tax
5.None of theseAnswer – 4.Indirect Tax
Explanation :
CENVAT as populary known as Central Excise Duty is a duty on the manufacture/production of goods in India.The regulatory body is the Central Board of Excise and Customs (CBEC) , an agency of the Department of Revenue, Ministry of Finance of India. - A Trade Cycle consists of how many phases ?
1.3
2.6
3.5
4.4
5.None of theseAnswer – 4.4
Explanation :
The trades cycle or business cycle are cyclical fluctuations of an economy. A full trade cycle has got four phases: (i) Recovery, (ii) Boom, (iii) Recession, and (iv) depression - The Condition of indirect taxes in the country’s revenue is approximately ………..
1.59%
2.86%
3.68%
4.72%
5.None of theseAnswer – 2.86%
Explanation :
The Condition of indirect taxes in the country’s revenue is approximately 86% - SDR(Special Drawings Rights) related to ………………………….
1.IMF
2.World Bank
3.RBI
4.Government
5.None of theseAnswer – 1.IMF
Explanation :
Special drawing rights (SDR) refer to an international type of monetary reserve currency, created by the International Monetary Fund (IMF) in 1969, which operates as a supplement to the existing reserves of member countries. - Who has given Scarcity definitions of economics ?
1.VM Dandekar
2.Adam Smith
3.Lionel Robbins
4.J.B.Say
5.None of theseAnswer – 3.Robbins
Explanation :
Robbins book ‘Nature and Significance of Economic Science’ (1932), there developed a fresh controversy in regard to the definition of economics. Lionel Robbins, after criticizing the definitions given by the Classical and Neo-classical economists, gave his own definition of Economics. - Which age groups people eligible for training under TRYSEM scheme ?
1.18-30years
2.18-40years
3.18-35 years
4.18-28years
5.None of theseAnswer – 3.18-35 years
Explanation :
1979 : Training Rural Youth for Self Employment TRYSEM (launched on 15th August) educational and vocational training for the people(18-35)years - The Golden Quadrilateral of India connects which of the following places ?
1.Delhi-Mumbai-Chennai-Kolkata
2.Mumbai-Kolkata-Bangalore-Mysore
3.Delhi-Hyderabad-Thiruvanandhapuram-Chennai
4.Mumbai-Patna-Bangalore-Chennai
5.None of theseAnswer – 1.Delhi-Mumbai-Chennai-Kolkata
Explanation :
India’s much-vaunted infrastructure project – the Golden Quadrilateral (GQ) highway network connecting Delhi, Mumbai, Kolkata and Chennai – is crawling to the finishing line, fourteen years after its launch. - The Consumer Protection Act was enacted in ………………………
1.1982
2.1990
3.1986
4.1979
5.None of theseAnswer – 3.1986
Explanation :
The Consumer Protection Act of 1986 was enacted in India for the following reasons -Provide more accessible protection for consumers - ‘Nextzone’ an information technology SEZ is being established in which state ?
1.Kerala
2.Madhya Pradesh
3.Gujarat
4.Maharashtra
5.None of theseAnswer – 4.Maharashtra
Explanation :
‘Nextzone’ an information technology SEZ is being established in Maharashtra
A Special Economic Zone (SEZ) is a geographical region that has economic laws that are more liberal than a country’s domestic economic laws. India has specific laws for its SEZs. - ……………………….. is also known as green gold.
1.Sugarcane
2.Coffee
3.Rice
4.Tea
5.None of theseAnswer – 4.Tea
Explanation :
Tea, literally known as ‘Green Gold’ would be money spinner soon with various schemes being launched by the state government under chief minister’s
AffairsCloud Recommends Oliveboard Mock Test
AffairsCloud Ebook - Support Us to Grow
Govt Jobs by Category
Bank Jobs Notification