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UPSC CSE: Indian Economy Test 3

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Question 1

Consider the following statements regarding the Value Added Tax (VAT):

1) A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at last stage of the supply chain.

2) It is one of the main sources of income for both U.S and India.

Which of the statements given above is/are correct?

Question 2

According to economic survey 2020 the percentage of Growth Registered in Livestock Sector During Last Five Years is?

Question 3

Consider the following regarding Demand-pull inflation:

1) Expanding the Economy.

2) Increased Government Spending

3) Stopping overseas growth.

4) An increase in the costs of raw materials

Which of the following is/are the causes of Demand-pull inflation?

Question 4

Reserve Bank of India (RBI) implements the monetary policy through which of the following?

1) Credit control Policy

2) Moral Persuasion

3) Market Operation

Select the correct answer using the code given below:

Question 5

Which of the following is not an objective of NITI Aayaog?
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Jul 13IAS