Indian Economic Development and Policy 2023 - 2024

     What is fiscal development?

• The growth of government expenditures

• The improvement of a country's financial sector

• The process of achieving economic stability through taxation and government spending

• The expansion of a nation's industrial base

What does a trade surplus indicate in a country's external sector?

• Exports exceeding imports

• Imports exceeding exports

• Stable trade relations

• A declining economy

1.      Which of the following best describes the GST?

• A direct tax on personal income

• A tax on the sale of goods only

• A consumption-based indirect tax on goods and services

• A tax exclusively on exports

Which regulatory body plays a central role in overseeing India's financial sector?

• Securities and Exchange Board of India (SEBI)

• Reserve Bank of India (RBI)

• Ministry of Finance

• Competition Commission of India (CCI)

Which Indian city is often referred to as the country's IT capital and has played a pivotal role in the services export sector?

• Kolkata

• Mumbai

• Bangalore

• New Delhi

What is the term for the process of converting raw materials into finished goods on a large scale?

• Production

• Manufacturing

• Distribution

• Retailing

Which type of poverty is characterized by a lack of basic necessities like food, clean water, and shelter?

• Absolute poverty

• Relative poverty

• Income poverty

• Wealth poverty

     What is the primary objective of the Public Distribution System (PDS) in India?

• To provide cash directly to beneficiaries

• To distribute essential food items and commodities to eligible households

• To offer healthcare services to the poor

• To support the agricultural sector

Which of the following is an example of a cash transfer program in India?

• Mahatma Gandhi National Rural Employment Guarantee Act

• Pradhan Mantri Jan Dhan Yojana

• Direct Benefit Transfer (DBT)

• Public Distribution System (PDS)

Which social sector encompasses programs and services related to healthcare, medical facilities, and public health?

• Education sector

• Health sector

• Environmental sector

• Housing sector