Economics MCQ-Kerala PSC degree level Exam

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Kerala PSC degree level Exam Questions & Answers

Which of the following is not correct?
a) The headquarters of European Union is in Brussels
b) ASEAN was established in 1976
c) The headquarter of SAARC is in Kathmandu
d) NAFTA was established in 1992
What is the export target of India’s new foreign trade policy
(2015-20)?
a) $ 450 bn b) $ 800 bn
c) $ 900 bn d) $ 325 bn
Where will be the headquarter of BRICS Bank?
a) New Delhi b) Riode Janeiro
c) Pretoria d) Shanghai
TRIFED was developed for the
a) The development of forest covers in the country
b) To save the interest of the tribal from the exploitation of
private traders
c) To promote the marketing of all the horticulture products
d) None of these
Choose the right statement
I) The ISOPOM was introduced in 2004
ii) Under the scheme, crop diversification is possible as states
are given flexibility in implementation
a) I only b) ii only
c) Both d) None
Who is the current CEO of the NITI Aayog?
a) Rajeev Kumar b) Arvind Subramanian
c) Amitabh kant d) Narendra modi
Which of the following statement is correct about the NITI
Aayog?
a) Niti Aayog was formed on 25 january 2016
b) Niti Aayog comes under the Ministry of Commerce and
Industry
c) The full form of Niti Aayog is National Institute for Transforming India
d) The NITI Aayog is a policy think tank of the
govt of India
When was NITI Aayog established?
a) 1 January 2015 b) 25 January 2016
c) 14 may 2014 d) 1 July 2015
Which of the following statement is/are correct about the NITI
Aayog?
i) The aim of NITI Aayog is to achieve sustainable development goals and to enhance cooperative federalism in the
country
ii) The Prime Pinister of India is the exofficio chairperson of
the NITI Aayog
iii) There are 8 full time members in the NITI Aayog
a) Only ii and iii b) Only ii
c) Only i d) Only i and ii
Who of the following is the part of governing council of NITI
Aayog?
a) All Chief Ministers of the states
b) Chief Ministers of Delhi and Puducherry
c) Lieutenant Governor of Andaman and
Nicobar Island
d) all of the above
Which of the following is not the function of the NITI Aayog?
a) To evolve a shared vision of national development priorities sectors and strategies
b) To foster cooperative federalism
c) To give final approval to the five year plans of India
d) To create knowledge, innovation and entreprneurial support system
Which of the following is not matched correctly about NITI
Aayog?
a) NITI Aayog head office- Delhi
b) Narendra Modi- Chairman
c) Parent Agency- Gov. of India
d) NITI Aayog replaced: National development council
Which of the following statement is true about) NITI Aayog?
a) The aspirational district programme was launched by Prime
Minister Narendra Modi on January 5, 2018 and released in
June 2018
b) Virudhu Nagar (Tamil Nadu), Naupada (Odisha) and
Sidharth Nagar (Uttar Pradesh) have emerged as the top
three districts in the ranking of aspirational district’s by NITI
Aayog for the period June I 2018 and October 31, 2018.
c) NITI Aayog replaced planning commission of India
d) All are true
Choose the correct statement with regard to foreign trade
during colonial rule?
i) India had to import certain primary products such as raw
silk, cotton, wool, sugar, indigo, jute etc…..
ii) Finished consumer goods like cotton, silk and woolen
clothes and capital goods were exported from Britain
a) Only i b) only ii
c) Both i and ii d) neither (i) nor (ii)
Choose the correct statement
i) Nearly three-fourth parts of Indian foreign trade during
colonial rule was with nearby countries like china, Ceylon
and Persia
ii) The remaining foreign trade was with Britain only
a) Both are correct b) Both are incorrect
c) (i) correct (ii) incorrect d) (ii) correct (i) incorrect
Consider the following statements regarding the integrated
goods and service tax (IGST) under GST?
i) The IGST would roughly be equal to (GST (Centre) plus
SGST (State)
ii) The interstate seller would pay IGST on the sale of his
goods to the central govt after adjusting credit of IGST, CGST
and SGST on his purchase (in that order)
a) Only (i) b) only (ii)
c) Both i and ii d) neither i nor ii
GST will be administered as a single taxation’’ system in india,
choose the correct statement
i) Keeping in mind the federal structure of india, there will be
only one compounds of GST ie central GST ( CGST)
ii) Centre would levy and collect central goods and services
tax (CGST) and states would levy and collect the state goods
and services tax (SGST) on all transactions within a state
a) Only i b) Only ii
c) Both i and ii d) Neither i nor ii
Which of the following state level taxes being subsumed into GST?
a) Subsuming of state value aded tax/sales tax
b) Entertainment tax
c) Luxury tax
d) All of the above
Which of the following central level taxes being subsumed
into GST?
a) Octroi and Entry tax b) Service Tax
c) Purchase tax d) All of the above
which of the following is true regarding the benefits of GST
for both the level of government i.e. the central government
and the state government?
i) Simple and easy to administer
ii) Better controls on leakage
iii) Higher revenue efficiency
iv) Relief in overall tax burden on governments
a) i, ii and iii b) i and ii
c) ii and iii d) all of the above