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Objective Questions
GK
GK Set-1
Economics
Indian Economics
175

Indian Economics MCQ (GK Set-1) with Answers

175) An individual’s actual standard of living can be assessed by

Gross National Income

Net National Income

Per Capita Income

Disposable Personal Income

Answer is:

Per Capita Income

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

176) When there is an official change in the exchange rate of domestic currency, then it is called

Appreciation

Depreciation

Revaluation

Deflation

Answer is:

Revaluation

177) Inflation redistributes income and wealth in favour of

Pensioners

Poor

Middle class

Rich

Answer is:

Rich

178) The fringe benefit tax was introduced in the budget of

2003-04

2004-05

2005-06

2006-07

Answer is:

2005-06

179) Excise Duty is a tax levied on :

Commodities that are exported

Commodities that are imported

Both the exported and imported commodities

Commodities that are produced and consumed within the country

Answer is:

Commodities that are produced and consumed within the country

Indian Economics MCQ (GK Set-1) with Answers

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