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Economy MCQ practice free online · page 22

Questions from RRB, NTPC, Group D and JE past papers. Tap an option to check it instantly — every question shows the correct answer, and most carry the explanation the paper gave.

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  1. 211UKPSC2014EconomyEnglish

    Which of the following economists, introduced fiscal policy as a tool to rectify the Great Depression of 1929-30?

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    Correct option: A — Prof. Keynes

  2. 212KPSC2018EconomyEnglish

    A change in fiscal policy affects the balance of payments through

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    Correct option: C — Both the current account and capital account

  3. 213UPPSC2006EconomyEnglish

    Which one of the following was not stipulated in the Fisca Responsibility and Budget Management Act 2003?

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    Correct option: C — Elimination of primary deficit by the end of the fiscal year 2008-09

  4. 214UPPSC2009EconomyEnglish

    Fiscal responsibility and Budget Management Act was enacted in India in the year

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    Correct option: D — 2003

  5. 215HPSC2015EconomyEnglish

    Which one of the following statements appropriately describes the ‘fiscal stimulus’?

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    Correct option: B — It is an intense affirmative action of the government to boost economic activity in the country

  6. 216BPSC2018EconomyEnglish

    Globalisation does not include

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    Correct option: D — disinvestment of Public Sector Equity

  7. 217UPSC2018EconomyEnglish

    Consider the following statements. 1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Government. 2. The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Government. 3. As per the Constitution of India, it is mandatory for a State to take the Central Government’s consent for raising any loan if the former owes any outstanding liabilities to the latter. Which of the statement(s) given above is/are correct?

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    Correct option: C — Only 1 and 3

  8. 218RPSC2016EconomyEnglish

    Consider the following important sources of tax revenue for the Central Government in India. 1. Union Excise Duty 2. Corporation Tax 3. Income Tax 4. Service Tax Which of the following is the correct descending order in terms of Gross Tax Revenue?

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    Correct option: C — 2, 3, 1, 4

  9. 219UPPSC1995EconomyEnglish

    The largest sources of tax revenue to Central Government of India are

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    Correct option: A — Union excise duties and corporate tax

  10. 220BPSC2005EconomyEnglish

    From which of the tax following direct taxes gives maximum net revenue to the Government?

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    Correct option: A — Corporation Tax

Economy practice — common questions

Page 22 of this set has 10 questions on it.

Are these Economy questions free to practise?
Yes. Every question on this page is free and needs no account. Create a free account only if you want your progress saved.
Where do these Economy MCQs come from?
They are taken from official past papers of Indian government recruitment exams such as RRB NTPC, RRB Group D and RRB JE, and each question keeps a reference to the exam it appeared in.
Are the questions available in Hindi?
Yes. Many papers are set in both languages, so a large share of these questions are available in Hindi. Use the language filter at the top of the page.
Do the questions show answers and explanations?
Every question shows the correct option. Where the source paper included a worked solution, the explanation is shown under "Show answer".