ECONOMICS ONE LINER SET 04

ECONOMICS ONE LINER SET 04

1. Taxation and the government’s expenditure policy are dealt under under which policy?
Fiscal policy
 
2. For internal financing of Five Year Plans, the government depends on which
source?
Taxation only
 
3. What is the Planning Commission? An Advisory body’
 
4. Who is considered the guardian of the Public Purse? Comptroller and Auditor General
 
5. On which date was the State of Bombay was bifurcated into Maharashtra and
Gujarat?
May 1, in the year 1960
 
6. Which rural bank has been named after a river? Varada Grameen Bank
 
7. ‘Asian Drama’, by Gunnar Karl Myrdal, is a book on which subjects? Economics
 
8. What is the sum total of incomes received for the services of labour, land or
capital in a country?
National income
 
9. Unemployment occurs when workers move from one job to another job? Frictional unemployment
 
10. Which type of unemployment mostly found in India? Disguised