Trivia Questions On Economic And Social Development! Quiz

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Economics Quizzes & Trivia

GDP, levels of employment, life expectancy and literacy are indicators that measure socio-economic development. This test is taken up by Countries so that they see how well they are doing as compared to the standards they put for themselves. Take up the trivia questions below and get to see what you know about economic and social development. All the best!


Questions and Answers
  • 1. 
    Why is direct taxation considered a better form of taxation?
    • A. 

      Direct taxation fetches more revenue

    • B. 

      Direct Taxation gives permission for taxation in accordance with the means

    • C. 

      Direct taxation has hefty tax compliance

    • D. 

      None of these

  • 2. 
    In India, the _________ agency is accountable for the assessment of poverty.
    • A. 

      HRD Ministry

    • B. 

      Planning Commission

    • C. 

      Home Ministry

    • D. 

      None of these

  • 3. 
    The Prime Minister of India announced some missions as part of action plan for sustainable development. Which among the following is not one of the missions?
    • A. 

      Rain water harvesting

    • B. 

      Family planning

    • C. 

      Solar energy

    • D. 

      None of these

  • 4. 
    _____________ has the highest population density.
    • A. 

      India

    • B. 

      Myanmar

    • C. 

      Afghanistan

    • D. 

      Bangladesh

  • 5. 
    • A. 

      Pakistan

    • B. 

      Nepal

    • C. 

      Bangladesh

    • D. 

      UAE

  • 6. 
    In which article of the Constitution of India is the functions and powers of the centre and the states are listed?
    • A. 

      Article 45

    • B. 

      Article 22

    • C. 

      Article 246

    • D. 

      None of these

  • 7. 
    What do you mean by Bank rate?
    • A. 

      The rate at which banks borrows money from its subsidiary

    • B. 

      The rate at which banks rediscount bills with RBI

    • C. 

      The rate at which banks lends money to its subsidiary

    • D. 

      None of these

  • 8. 
    Which among the following is not an objective of RBI's monetary policy?
    • A. 

      Ensure social justice

    • B. 

      Augment economic development

    • C. 

      Control pressure of inflation

    • D. 

      None of these

  • 9. 
    What is the open market operation of Reserve Bank of India?
    • A. 

      Trading in shares

    • B. 

      Trading in securities

    • C. 

      Buying and selling of gold

    • D. 

      None of these

  • 10. 
    • A. 

      Jammu and Kashmir

    • B. 

      Nagaland

    • C. 

      Assam

    • D. 

      Punjab