Economics Topics
Undergraduate level — Economics
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filter_alt Topics
Microeconomics
Macroeconomics
Indian Economy
Bihar Economy
Budget & Fiscal Policy
quiz Questions
Q41
A direct tax is
Fiscal deficit
Income tax
Revenue deficit
Primary deficit
Explanation
Income tax burden cannot be shifted and is direct tax.
Q42
A regressive tax is one where tax burden is relatively higher on
Primary deficit
Revenue deficit
Fiscal deficit
Lower income groups
Explanation
Regressive taxation takes larger share from poorer people.
Q43
MSP in agriculture stands for
Minimum Support Price
Primary deficit
Fiscal deficit
Revenue deficit
Explanation
MSP is announced to protect farmers from sharp price fall.
Q44
Public Distribution System is mainly aimed at
Primary deficit
Revenue deficit
Fiscal deficit
Food security
Explanation
PDS distributes essential food grains at subsidized prices.
Q45
India first five year plan focused on
Primary deficit
Fiscal deficit
Agriculture
Revenue deficit
Explanation
First plan prioritized agriculture and irrigation.
Q46
The Twelfth Five Year Plan period was
2012-2017
Revenue deficit
Fiscal deficit
Primary deficit
Explanation
Twelfth plan was the last formal five-year plan.
Q47
The Mahatma Gandhi National Rural Employment Guarantee Act guarantees
Fiscal deficit
Revenue deficit
100 days of wage employment
Primary deficit
Explanation
MGNREGA legally assures up to 100 days of employment to rural households.
Q48
Bihar economy has a high dependence on
Fiscal deficit
Primary deficit
Agriculture
Revenue deficit
Explanation
Agriculture remains a major livelihood source in Bihar.
Q49
The major crop of Bihar is
Primary deficit
Rice
Revenue deficit
Fiscal deficit
Explanation
Rice is one of the dominant food crops in Bihar.
Q50
The famous litchi producing district in Bihar is
Fiscal deficit
Primary deficit
Muzaffarpur
Revenue deficit
Explanation
Muzaffarpur is known for Shahi litchi production.