7000+ Economics MCQ Questions and Answers 2024 - 2025 Pdf - 2

Question: 6

The Inter State Council has been set up under

(A) Art 263

(B) Art 283

(C) Art 292

(D) Art 352

Ans: A

Art 263

Question: 7

As per the 1999 - 2000 Budget estimates which tax was estimated to yield the maximum revenue?

(A) Excise Duty

(B) Income tax

(C) Corporate Tax

(D) Customs Duty

Ans: A

Excise Duty

Question: 8

The Employment Guarantee Scheme, a rural work programme, was first started in

(A) Maharashtra

(B) Punjab

(C) West Bengal

(D) Kerala

Ans: A

Maharashtra Launched in the year 1972

Question: 9

Bank rate is the rate of interest?

(A) At which Commercial Banks borrow money from RBI

(B) At which Commercial Banks borrow money from public

(C) At which public borrows money from Commercial Bank

(D) At which public borrows money from RBI

Ans: A

At which Commercial Banks borrow money from RBI

Question: 10

Rate of growth of an economy is measured in terms of

(A) National income

(B) Number of people who have been lifted above the poverty

(C) Industrial development

(D) Per Capita Income

Ans: A

National income

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