Economy

Banking, markets, budget, trade, agriculture economy. Filter by topic or year.

2 questions

2021 · Question 3 · Public Finance
Which among the following steps is most likely to be taken at the time of an economic recession?
Choose your answer(a)Cut in tax rates accompanied by increase in interest rate(b)Increase in expenditure on public projects(c)Increase in tax rates accompanied by reduction of interest rate(d)Reduction of expenditure on public projects
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2021 · Question 9 · Public Finance
Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?
Choose your answer(a)Diversion of resources to the purchase of real estate and investment in luxury housing(b)Investment in unproductive activities and purchase of precious stones, jewellery, gold, etc.(c)Large donations to political parties and growth of regionalism(d)Loss of revenue to the State Exchequer due to tax evasion
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)