Level 1

Question 1 of 10

The term 'Mixed Economy' denotes:

A Rural and urban mix B Co-existence of private and public sectors C Equal wealth distribution D Domestic and foreign investments

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Question 2 of 10

Who formulates the Monetary Policy in India?

A Finance Ministry B NITI Aayog C Reserve Bank of India (RBI) D SEBI

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Question 3 of 10

GST (Goods and Services Tax) is a type of:

A Direct Tax B Indirect Tax C Corporate Tax D Wealth Tax

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Question 4 of 10

What does GDP stand for?

A Gross Domestic Product B Gross Domestic Price C General Domestic Product D Gross Daily Product

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Question 5 of 10

NITI Aayog replaced which institution?

A Finance Commission B Planning Commission C National Development Council D RBI

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Question 6 of 10

Inflation is characterized by:

A Decrease in prices B Increase in purchasing power C General increase in prices D No change in prices

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Question 7 of 10

Which sector contributes the most to India's GDP?

A Agriculture B Industry C Manufacturing D Services

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Question 8 of 10

FDI stands for:

A Foreign Direct Investment B Federal Department of India C Foreign Domestic Investment D Financial Development Index

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Question 9 of 10

The central bank of India is:

A State Bank of India B Central Bank of India C Reserve Bank of India D Punjab National Bank

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Question 10 of 10

A 'Bull Market' implies that:

A Stock prices are falling B Stock prices are rising C Market is stagnant D High inflation

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