Indian Economy Mock Tests

With reference to the Indian economy, consider the following: 1. Fiscal Deficit is the total expenditure of the government exceeding its total receipts. 2. Revenue Deficit is the difference between total revenue expenditure and total revenue receipts. 3. Primary Deficit is fiscal deficit minus government savings. Which of the statements given above is/are correct?

With reference to the 'Indian Economy', the term 'Twin Balance Sheet' problem refers to which situation?

The first Five Year Plan in India was launched in which year?

The Indian Five-Year Plan that emphasized rapid industrialization was the:

What does the term GDP stand for?

With reference to India's monetary policy, the Reserve Bank of India uses which of the following as its primary tool to control inflation?

With reference to the 'Indian Economy', the 'Goods and Services Tax (GST)' replaced how many different taxes previously levied by the Central and State governments?

The "Inflation" in an economy is measured in India primarily using which index?