Quiz 55: Basic GK : Economics

Ad Valorem Tax is levied on the basis of which among the following?

A systematic record of all economic transactions completed between residents of a country and the rest of the world in a year is known as..?

“A statement of estimated receipts and expenditures called annual Financial Statement (Budget) has to be placed before parliament for each financial year.” The above provision has been enshrined in which among the following articles of Constitution of India?

Birth rate is number of births per ………….of the population during one year.

Capitalism is based upon “Laissez-faire system”. What is "Laissez-faire system"?

Goods which have positive relationship between price and quantity demanded are called as ….?

"Bad money (if not limited in quantity) drives good money out of circulation". Which law in economics says this?

Which among the following is a suitable term for the state of economy in which economic activity is slowing down but wages and prices continue to rise ?

Agriculture, Irrigation and Power Projects were given highest priority in which among the following plans?

Which among the following is the oldest insurance company of India?