Q.1) Why is direct taxation considered a better form of taxation?

A. Direct taxation fetches more revenue
B. Direct Taxation gives permission for taxation in accordance with the means (Correct Answer)
C. Direct taxation has hefty tax compliance
D. None of these

Q.2) In India, the _________ agency is accountable for the assessment of poverty?

A. HRD Ministry
B. Planning Commission (Correct Answer)
C. Home Ministry
D. None of these

Q.3) The Prime Minister of India announced some missions as part of action plan for sustainable development. Which among the following is not one of the missions?

A. Rain water harvesting
B. Family planning (Correct Answer)
C. Solar energy
D. None of these

Q.4) _____________ has the highest population density?

A. India
B. Myanmar
C. Afghanistan
D. Bangladesh (Correct Answer)

Q.5) In the present time, which country is the largest trading partner of India?

A. Pakistan
B. Nepal
C. Bangladesh
D. UAE (Correct Answer)

Q.6) In which article of the Constitution of India is the functions and powers of the centre and the states are listed?

A. Article 45
B. Article 22
C. Article 246 (Correct Answer)
D. None of these

Q.7) What do you mean by Bank rate?

A. the rate at which banks borrows money from its subsidiary
B. the rate at which banks rediscount bills with RBI (Correct Answer)
C. the rate at which banks lends money to its subsidiary
D. None of these

Q.8) Which among the following is not an objective of RBI's monetary policy?

A. Ensure social justice (Correct Answer)
B. Augment economic development
C. Control pressure of inflation
D. None of these

Q.9) What is the open market operation of Reserve Bank of India?

A. Trading in shares
B. Trading in securities (Correct Answer)
C. Buying and selling of gold
D. None of these

Q.10) Among the following, the Reserve Bank of India doesn't transact the business of __________ state government?

A. Jammu and Kashmir (Correct Answer)
B. Nagaland
C. Assam
D. Punjab


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