Description: Fiscal Policy is an economic science which means a government spending levels
and tax rates. Fiscal policy can be used to stabilize the economy over the course of the business cycle.
The Ministry of Finance manage government financial assets proposes economic and financial policy. It includes the task of mobilization of resources in terms of execution of developmental programs.
These Department help the Ministry of Finance India to regulate the various financial and economic workings.
Department of Economic Affairs Department of Economic Disinvestment Department of Expenditure Department of Financial Services Department of Revenue
2.As per 2011 Census data, the overall sex ratio in the country is
A933 B.940
C.943 D.93O
Correct Ans: B
Description: In the Population Census of 2011 it was revealed that the population ratio in India 2011 is 940 females per 1000 of males.
3.The Best Indicator of Economic Development of any Country is
A.Agriculture B.Transport
C.Per capita income D.Gross production
Correct Ans: D
Description: GDP is the market value of all goods and services produced in a nation during a specific time period. Real GDP measures a society's wealth by indicating how fast profits may grow and the expected return on capital.
4.Which is the largest leather producing state in the country?
A.Maharashtra B.Tami| Nadu
C.West Bengal D.Odisha
Correct Ans: B
Description:Tamil Nadu is the largest leather producing state in India. It accounts for 40
percent of the country's leather production.
5.The U.P Cabinet in December 2014 gave its permission for conducting a feasibility study and preparing a detailed project report for running metros in four cities. Which city amongst the following is not included amongst these four?
A.Agra B.Varanasi
C.Meerut D.Allahabad
Correct Ans: A
Description: The U.P Cabinet in December 2014 gave its permission for conducting a feasibility study and preparing a detailed project report for running metros in four cities are Allahabad, Kanpur, Meerut and Varanasi excluding Agra.
6. ‘Which country has overtaken the US to become the world's largest online retail market?
A.india B.Singapore
C.China D.japan
Correct Ans: C
Description: China overtook the US to become the world's largest online retail market as its e-commerce revenues grossed $439 million last year constituting 7% of its GDP.
7.What is Bank Rate and Repo Rate
1. Bank rate is the rate of interest which RBI charges its clients on their short-term borrowing.
A. 1 Only B. 2 Only
C. Both I and II D. Neitheri nor II
Correct Ans: D
Description: Bank Rate-Interest rate paid by major banks if they borrow from Central Bank of India (RBI) and If
the bank rate goes up, long- term interest rates also tend to move up, and vice-versa.
Repo Rate -The rate at which the RBI lends money to banks for short-term against securities.
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