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WBCS Main 2019 General Studies III (Indian Economy ) 71
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Daily Mock Test for WBCS

Arijit Basu Chowdhury
Graduate in History from St.Paul’s Cathedral Mission College.My Philosophy is Being Basic and Being simple and show actually what you are 😊

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  1. Mission WBCS (Exe.) 2019 Prelims and Mains Daily Mock Test Arijit Basu Chowdhury


  2. West Bengal Civil Services Graduate in History from St.Paul's Cathedral Mission College, Kolkata . Interests: Fitness , Current Affairs ,Burning Issues, Music, News Analysis . You can follow me on UNACADEMY- https://unacademy.com/user/ArijitBasuChowdhury Life has two rules: 1) Never quit. 2) Always remember Rule #1 . Rate , Review & Recommend


  3. Daily Mock Test (Indian Economy) 1. The receipts of which of the following taxes/duties are not shared with the States? a) Tax on income except agriculture c) Surcharge on income tax b) Corporation tax d) Capital gain tax 2. a) b) c) d) The national income of a country is Government annual revenue Total productive income Surplus of the public sector enterprise Export-(Loan) Import


  4. Daily Mock Test (Indian Economy) 3. Which amidst the following taxes collected by the Union is NOT mandated OTSET to be assigned 5 to the States? a) Terminal taxes on goods or passengers carried by railway, sea or air b) Taxes on railway fares and freights c) Taxes on consignment of goods d) Service Tax 4. One of the objectives of Industrial Licensing Policy in India was to ensure a) Creation of adequate employment opportunities b) Free flow of foreign capital in Indian industries c) Use of modern technology d) Balanced industrial development across regions


  5. Daily Mock Test (Indian Economy) 5. In which of the following market forms, a firm does not exercise control over price? a) Monopoly b) Perfect comp etition Trickle down theory ignores the impact of economic growth on o) Oligopoly d)Monopolistic competition 6. a) Investment b) Savings c) Income distribution d) Consumption 7. Lorenz curve shows a) Inflation b) Unemployment c) Income distribution d) Poverty 8. Which one of the following is not a scheme or project? a) AMRUT b) Swachh Bharat Mission c) AYUSH d) Jan Dhan Yojana


  6. Daily Mock Test (Indian Economy) 9. An economy in which activities are organized through market force of demand and supply is called a) Socialistic Economy b) Self-reliant economy c) Market Economy d) None 10. The term 'Dumping' refers to a) The sale of a sub-standard commodity b) Sale in a foreign market of a commodity at a price below marginal cost c) Sale in a foreign market of a commodity just at marginal cost with too much of profit d) Smuggling of goods without paying any customs duty


  7. Daily Mock Test (Indian Economy) 11. Commercial banks lend to which of the following Priority sectors? a) Heavy Industries b) Agriculture, Small scale industries c) Foreign Companie:s d) State government in emergency situation 12. 'Residex' is associated with: a) Share prices b) Price inflation c) Mutual fund prices d) Land prices 14. Which Institution is known as 'soft loan window of the World Bank? a) IDBI b) IDA c) SEBI d) RBl 15. Which of the following taxes is levied by the State Government only? a) Wealth tax b) Entertainment tax c) Income tax d) Corporate tax


  8. Daily Mock Test (Indian Economy) 16. The rate of tax increase as the amount of the tax base increases is called? a) Proportional tax b) Progressive tax c) Regressive tax d) Degressive tax 17. The founding father of "Theory of bureaucracy" was? a) F. W. Taylor b) Max Weber o) Adam Smith d) Herbert Simon


  9. Daily Mock Test (Indian Economy) 1. c) Surcharge on income tax 2. b) Total productive income 3. d)Service Tax 4. d) Balanced industrial development across regions 5. b) Perfect competition .Perfect Competition is a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers 6. c) Income distribution .Trickle-down economics, or "trickle-down theory," states that tax breaks and benefits for corporations and the wealthy will trickle down to everyone else. It argues for income and capital gains tax breaks or other financial benefits to large businesses, investors and entrepreneurs to stimulate economic growth. It ignores the impact of economic growth on income distribution


  10. Daily Mock Test (Indian Economy) 8. c AYUSH . Sol. Department of Indian Systems of Medicine and Homoeopathy (ISM&H) was established in 1995 and renamed as Department of Ayurveda, Yoga & Naturopathy, Siddha, Unani and Homoeopathy (AYUSH) in November, 2003. It is not a scheme/project of present Government. 9. c) Market Economy Market Economy is the economy in which the market forces namely demand supply decide the path of faction 10. b) Sale in a foreign market of a commodity at a price below marginal cost .Dumping, in reference to international trade, is the export by a country or company of a product at a price that is lower in the foreign market than the price charged in the domestic market 11. b) Agriculture, Small scale industries


  11. Daily Mock Test (Indian Economy) 12. d) Land prices .The RESIDEX was first launched in 2007 by the National Housing Bank to provide an index of residential prices in India across cities and over time. So, it is associated with land prices 13. b) IDA The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. 14. b) Entertainment tax 15. b) Progressive tax . The rate of tax increase as the amount of the tax base increases is called Progressive tax.


  12. Daily Mock Test (Indian Economy) 16. b) Max Weber . The Bureaucratic Theory is related to the structure and administrative process of the organization and is given by Max Weber