Q. Comptroller and Auditor General of India is not responsible for
(A)
Regulating Reserve Bank of India
(B)
Issue of money from the Consolidated Fund.
(C)
Making payments to the States.
(D)
Accounting of States & UTs, and Auditing of all Government Institutions.
✅ Correct Answer: (A)
Regulating Reserve Bank of India
Q. The Worldwide great depression happens in which year
(A)
1936
(B)
1929
(C)
1928
(D)
1930
✅ Correct Answer: (B)
1929
Q. Which among the following is not the investment of goods & services?
(A)
Cost of machinery
(B)
Increase in cost of raw goods
(C)
Increasing department company
(D)
Cost of buying house.
✅ Correct Answer: (C)
Increasing department company
Q. Preparing butter and ghee for household consumption of own family is a part of –
(A)
Household investment production
(B)
Industrial production
(C)
Consumption
(D)
Own Account Production
✅ Correct Answer: (D)
Own Account Production
Q. Multinational firm is–
(A)
A company started by foreign governments
(B)
A single company established in different countries
(C)
A company in India started by U.S. government
(D)
A company started jointly by India and U.S.
✅ Correct Answer: (B)
A single company established in different countries
Q. Internal profit-
(A)
Happens when internal trade expands
(B)
Happens when business expands
(C)
Happens in economy when they increase
(D)
Happens in firms when they expand their product
✅ Correct Answer: (D)
Happens in firms when they expand their product
Q. The best Example of capital intensive industry in India is
(A)
Textile industry
(B)
Steel industry
(C)
Tourism industry
(D)
Spare goods industry.
✅ Correct Answer: (B)
Steel industry
Q. The Removal of prohibitions and hindrance by government is called.
(A)
Globalisation
(B)
Privatisation
(C)
Liberalisation
(D)
Bilateral understanding.
✅ Correct Answer: (C)
Liberalisation
Q. Which of the following is related to South-South debate?
(A)
Cooperation between developing countries
(B)
Defence Organisation
(C)
Sitting between developed & developing countries
(D)
All of the above.
✅ Correct Answer: (A)
Cooperation between developing countries
Explanation: South-South organization was held from 14-16 December 1978 in Tanzania. Its aim was to put focus for “new international economic view.”
Q. In a economy “Development Stage” means
(A)
Starting of steadily increasing economy
(B)
Bad economy
(C)
Economy is on the verge of destroying
(D)
All tariff to be removed.
✅ Correct Answer: (A)
Starting of steadily increasing economy
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