UPSC Online Quiz Economy #6

UPSC prelims online quiz

Results

#1 The term ‘narrow banking’ is best described as

#2 If indirect taxes in an economy are increased, then which of the following can occur ? 1. GDP at factor cost increases 2. GDP at factor cost decreases 3. GDP at market price increases 4. GDP at market price decreases Select the correct answer using the codes given below.

#3 An economy pursuing an expansionary fiscal policy can witness : 1. increase in fiscal deficit 2. increase in wages of labour 3. increase in rate of income tax Select the correct answer using the codes given below.

#4 Fiscal consolidation is one of the objectives of India’s economic policy. Which of the following would help in fiscal consolidation ? 1. increasing taxes 2. getting more loans 3. reducing subsidies Select the correct answer using the codes given below.

#5 The government provides subsidies in various sectors. Which of the following are the effects of subsidies ? 1. it increases inflation 2. it increases fiscal deficit 3. it decreases export competitiveness Select the correct answer using the codes given below.

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