Practice test

Indian economy - Test Set 7

Review 5 exam-focused questions with detailed explanations, then start the interactive test when you are ready.

5 questions

Questions and explanations

  1. Question 1

    Which type of tax is the Corporate Tax levied by the Government of India?
    1. Indirect Tax
    2. Direct Tax
    3. Value Added Tax
    4. Regressive Tax
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  2. Question 2

    Two goods are strictly considered perfect substitutes in microeconomics if their indifference curve represents:
    1. A right-angled L-shape.
    2. A perfectly straight, downward-sloping line.
    3. A curve highly convex to the origin.
    4. A perfectly horizontal line.
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  3. Question 3

    The 'Jawahar Rozgar Yojana' was a major rural employment generation program officially launched during the:
    1. Sixth Five-Year Plan
    2. Eighth Five-Year Plan
    3. Ninth Five-Year Plan
    4. Seventh Five-Year Plan
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  4. Question 4

    The headquarters of the World Intellectual Property Organization (WIPO) is situated in:
    1. Rome, Italy
    2. Vienna, Austria
    3. Geneva, Switzerland
    4. Madrid, Spain
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  5. Question 5

    According to the 2011 Census, which Union Territory successfully recorded the highest literacy rate?
    1. Chandigarh
    2. Puducherry
    3. Daman and Diu
    4. Lakshadweep
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