General Knowledge Quiz 73 about India. general knowledge quiz India. Test your general knowledge about India online for free. Free basic GK test online for you. India basic general knowledge quizzes for various entrance exams.
Q. Producer’s surplus is equal to the difference between –
1. Price and marginal cost
2. Price and marginal utility
3. Average cost and marginal cost
4. Total cost and marginal cost
Ans: 1
Q.The rate of inflation in India is measured generally in respect of movement in –
1. Consumer price index
2. Wholesale price index
3. Cost of living index for agriculture labour
4. Money supply
Ans: 2
Q.Mean Deviation is always –
1. Equal to standard deviation
2. Less than the standard deviation
3. More than the standard deviation
4. Twice of the standard deviation
Ans: 2
Q.The finance commission in India is –
1. An autonomous body
2. An advisory body
3. A constitutional body
4. A statutory body
Ans: 3
Q.Under classical assumptions the aggregated supply curve of an economy is –
1. Upward sloping
2. Downward sloping
3. Horizontal straight line
4. Vertical straight line
Ans: 1
Q.Primary deficit is defined as –
1. Budget deficit – Interest payments
2. Fiscal deficit – Interest payments
3. Budget deficit – Public borrowings
4. Budget deficit + Public borrowings
Ans: 2
Q.Which of the following is the revenue expenditure of government?
1. Payment of interest
2. Purchase of a building
3. Purchase of a machine
4. Loans to State government
Ans: 1
Q.Indira Gandhi Nahar originates from –
1. Bhakhra dam
2. Pong dam
3. Harike dam
4. Hirakud dam
Ans: 3
Q.Selective credit control is a tool of –
1. Fiscal policy
2. Import policy
3. Monetary policy
4. Income policy
Ans: 3
