Indian Economics MCQ (GK Set-1) with Answers

Indian Economics MCQ (GK Set-1) with Answers

216) Zero Based Budgeting lays emphasis on

Answer is:

Both (A) and (B)

217) ’Relative taxable capacity is a reality while absolute taxable capacity is a myth.’ This statement was given by

Answer is:

F. Shirras

218) Which fiscal measure should be adopted in correcting inflationary Gap?

Answer is:

All the above

219) National income at market-price in an economy in one year is equal to

Answer is:

The sum of all factor payments plus indirect taxes minus subsidies

220) ’Full employment’ according to Keynesian Theory of Employ ment is full

Answer is:

Employment of labour

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