Top 30 SNAP Economics Questions

Question 1

From the beginning of 2018 which of these sectors has been allowed for automatic hundred per cent foreign direct investment (FDI) in India?

A

Multi Brand Retailing

B

Defence Manufacturing

C

Banking

D

Single Brand Retailing

Question 1

The Sensex and Nifty are both indices. The base years for the BSE Sensex and Nifty are_________ and __________ respectively.

A

1980-81 and 1990

B

1990-91 and 2000

C

1978-79 and 1995

D

2000-01 and 2004

Question 1

Who estimated national income in India first?

A

Dadabhai Naoroji

B

R.C. Dutt

C

V.K. R.V. Rao

D

D.R. Gadgil

Question 2

Which of following statement is true about the Primary deficit?

A

It is difference between Revenue Receipts and Revenue Expenditure

B

It is difference between Capital Receipts and Interest Payment

C

It is difference between the Fiscal Deficit and Interest Payment

D

It is addition of Fiscal Deficit and Interest Payment

Question 3

Vanbandhu Kalyan Yojana (VKY) was launched by Union Ministry of Tribal Affairs to

A

Lift human development indices of tribal people

B

ensure that forest dwellers are not deprived of their due

C

promote Tribal language

D

establish a National Research Centre in the Tribal Research Institute

Question 1

Inflation is caused by

A

decrease in production

B

increase in money supply and decrease in production

C

increase in money supply

D

increase in production

Question 2

Dumping is a form of price discrimination at

A

local level

B

within industry

C

national level

D

international level

Question 3

The equilibrium of a firm under perfect competition will be determined when

A

Marginal Cost > Average Cost

B

Marginal Revenue > Average Cost

C

Marginal Revenue > Average Revenue

D

Marginal Revenue = Marginal Cost

Question 4

Which of the following is not a characteristic of the Indian economy ?

A

Primacy of agriculture

B

Balance between heavy industry and wage goods

C

Population pressure

D

Low per capita income

Question 5

The National Income of a country is

A

the annual revenue of the Government

B

sum total of factor incomes

C

surplus of PSU’S

D

export minus Import

Question 6

Inflation in India is measured on which of the following indexes / indicators?

A

Cost of Living Index (CLI)

B

Consumer Price Index (CPI)

C

Gross Domestic Product (GDP)

D

Wholesale Price Index (WPI)

Question 1

“Swayamsidha” is a scheme launched by the Government of India to help

A

School Children only

B

Health workers only

C

Senior citizen without any regular income

D

Women only

Question 2

Which of the following is/ are treated as artificial currency?

A

ADR

B

GDR

C

Both GDR and ADR

D

SDR

Question 3

Regarding “carbon credits” which of the following statements is not correct?

A

The carbon credits system was ratified in conjunction with Kyoto Protocol

B

Carbon credits are awarded to those countries or groups who have reduced the green house gases below their emission quota

C

The goal of carbon credit system is to reduce carbon dioxide emission

D

Carbon credits are traded at a price fixed from time to time by the United Environment Programme

Question 4

Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two?

A

FII helps bring better management skills and technology while FDI only bring capital

B

FII helps in increasing capital availability in general, while FDI only targets specific sectors

C

FDI flows only into secondary markets while FII targets primary markets

D

FII is considered to be more stable than FDI

Question 5

Why is the government of India disinvesting its equity in the Central Public Sector Enterprises (CPSE)?
1. The Government intends to use the revenue earned from disinvestment mainly to pay the External debt
2. The Government no longer intends to retain the management control of CPSEs
Which of the statements given above is/are correct?

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

Question 1

India's first Special Economic Zone dedicated to the Aerospace Industry has been launched at

A

Hyderabad

B

Hallargi

C

Shimla

D

Ahmedabad

Question 2

Which of the following contributes to the highest share of revenue earned by the Government of India?

A

Income Tax

B

Excise Duty

C

Value Added Tax

D

Corporate Tax

Question 1

What is Red Herring in an IPO?

A

Prospectus

B

Submission of Form

C

Funds Generated during IPO

D

Minimum Offer per Share

Question 2

Name of the body which regulates the stock Exchanges in India is

A

CBI

B

CID

C

SHCIL

D

SEBI

Question 3

What is Short Selling in stock market lingo?

A

Selling the shares which you do not own.

B

Selling a share after owning it for a short period of time.

C

Selling all the shares in your booty which are not productive.

D

Selling of shares which are quoted for a short period of time.

Question 1

Which out of the following holds the highest number of shares of ICICI Bank?

A

Banks Financial Institutes and Insurance

B

FIIs

C

General public

D

Private Corporate Bodi

Question 2

The first ever public hearing in India, almost like a referendum, on the fate of SEZ was held during the month of September 2008 in / at

A

Verna IT/ ITeS SEZ in Goa.

B

Haryana for Reliance Haryana SEZ.

C

Pen, Maharashtra

D

POSCO India, Steel SEZ Phase II, Orissa.

Question 3

At what frequency SENSEX calculation is carried out?

A

Every half an hour

B

Every hour.

C

Real time

D

6 times a day

Question 4

Inflation implies

A

Rise in budget deficit

B

Rise in general price index

C

Rise in price of consumer goods

D

Rise in money supply

Question 5

First Indian motion picture insured by a General Insurance company is

A

Hum Apke Hain Kaun

B

Taal

C

Dil Se

D

Ashoka

Question 1

Which of the following countries is the top source of FDI inflows into India at present?

A

Singapore

B

USA

C

UK

D

Mauritius

Question 1

The largest chunk of revenue for the Union government comes from

A

Income Tax

B

Central Excise

C

Corporation Tax

D

Customs Duty

Question 2

In the " One by Six" rule of Income Tax, it is mandatory to file Income Tax Returns if you posses

A

television

B

gold

C

credit card

D

passport

Question 3

The price of any currency in the international market is determined by

A

The World Bank

B

The demand for goods and services provided by the country

C

The amount of gold that country has in reserve

D

The economic stability of that country

SNAP Economics Questions

SNAP Economics Questions

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