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 …………………………….
5.None of theseAnswer – 4.Indirect Tax
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 ?
5.None of theseAnswer – 4.4
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 ………..
5.None of theseAnswer – 2.86%
The Condition of indirect taxes in the country’s revenue is approximately 86%
- SDR(Special Drawings Rights) related to ………………………….
5.None of theseAnswer – 1.IMF
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 ?
5.None of theseAnswer – 3.Robbins
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 ?
5.None of theseAnswer – 3.18-35 years
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 ?
5.None of theseAnswer – 1.Delhi-Mumbai-Chennai-Kolkata
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 ………………………
5.None of theseAnswer – 3.1986
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 ?
5.None of theseAnswer – 4.Maharashtra
‘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.
5.None of theseAnswer – 4.Tea
Tea, literally known as ‘Green Gold’ would be money spinner soon with various schemes being launched by the state government under chief minister’s