Practice Questions on Indian-Economy
General Knowledge

Section-1: Indian-Economy Question - 26

Q26.

Gross fixed domestic capital formation is defined as:

A.

flow of expenditure devoted to increased or maintaining of the capital stock

B.

expenditure incurred on physical assets only

C.

measures the value of acquisitions of new or existing fixed assets by the business sector, governments and "pure" households

D.

net addition to stock after depreciation

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Section-1: Indian-Economy Question - 27

Q27.

When did the currency convertibility concept originally originate from?

A.

Bretton Woods Agreement

B.

Wells Agreement

C.

Taylors Agreement

D.

Paris Agreement

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Section-1: Indian-Economy Question - 28

Q28.

The State Financial Corporations of India have given assistance mainly to develop:

A.

Medium and small-scale industries

B.

Cottage industry

C.

Agricultural farms

D.

Large industries

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Section-1: Indian-Economy Question - 29

Q29.

Which Indian private company signed an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?

A.

SAIL

B.

GAIL

C.

Essar oil

D.

Reliance Energy

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Section-1: Indian-Economy Question - 30

Q30.

An excise or excise tax is an inland tax on:

A.

export of goods

B.

production of goods

C.

sale of goods

D.

Import of goods

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