G.K. Practice Test: Question Set - 02
1. The poverty line has been defined in the
- (A) Seventh
Five-Year Plan
- (B) Sixth
Five-Year Plan
- (C) Eighth
Five-Year Plan
- (D) Fifth
Five-Year Plan
2. “Golden handshake” is the term associated with
- (A) Share Market
- (B) Retirement
Benefits
- (C) Voluntary
Retirement Benefits
- (D) Smuggling
3. Capital is that wealth
- (A) Which
is used for the production of wealth
- (B) Which
is kept in boxes and lockers
- (C) Which
is buried in the land
- (D) Which
is stored for consumption
4. Which Bank has the maximum number of branches?
- (A) ICICI Bank
- (B) HDFC
Bank
- (C) State
Bank of India
- (D) State
Bank of Patiala
5. Value Added Tax (VAT) is
- (A) Indirect
tax levied at each stage of production and distribution, from the primary
produce to the retailer
- (B) Tax
calculated on the selling price, but in declaring the liability to the
government, the seller is allowed to deduct any tax paid by him when he bought
the goods
- (C) Both (a) and
(b)
- (D) None
of the above
6. The credit of inventing the television goes to
- (A) Faraday
- (B) Baird
- (C) Edison
- (D) Marconi
7. Function of an entrepreneur is
- (A) Organization
of labor
- (B) Collection
of capital
- (C) Showing
efficiency in collection of loans from the banks and the market
- (D) Risk-taking
8. The term used to describe money that flows into a country to take advantage of high rates of interest is called
- (A) Hot
money
- (B) Hard
sector
- (C) Hard
currency
- (D) None
of the above
9. The measurement of poverty line is based on the criteria of
- (A) Their
dwelling houses
- (B) The
nature of employment
- (C) Caloric
consumption
- (D) Level
of education
10. Planning Commission was constituted in
- (A) June 1949
- (B) October
1951
- (C) March 1950
- (D) None of
these
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