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Tuesday Economy Quiz #10

Hello Everyone, Here are the set of questions on Economy. Attempt this quiz and write your  answer in comment section. We will publish the result with detailed explanation at 5 PM.

[Questions]

Q.1) Anti counterfeiting trade agreement is related with
a) Stopping Piracy of movies
b) Controlling duplication of products
c) Enforcement of Intellectual Property rights
d) None of the above

Q.2) Consider the following statement with respect to newly printed one rupee note:
1. One rupee note is not a legal tender.
2. Satyamev Jayate will be written below the Ashokan Pillar.
3. It will be signed by the RBI governor.

Which of the above statements is/are correct?
a) 1 and 3 only
b) 2 and 3 only
c) 2 only
d) None of the above

Q.3) Which of the following items has GI tags?
1. Hyderabad Haleem
2. Malabar Pepper
3. Coorg coffee
4. Kanchcipuram Silk saree

Select the correct answer using the codes given below.
a) 3 and 4 only
b) 1, 2 and 3 only
c) 1, 2, 3 and 4
d) 2 and 3 only

Q.4) Consider the following statements about Asian Development Bank(ADB).
1. It is modeled on the lines of IMF.
2. Japan has the biggest subscribed capital in ADB.

Which of the above statement(s) is/are incorrect?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Q.5) Consider the following statements about WTO.
a) Ministerial conference is the highest decision making body
b) Each member country is officially represented by the Commerce minister.

Which of the above statement(s) is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Q.6) Global investment trade monitor report is released by
a) World economic forum
b)International monetary fund
c) World Bank
d ) UNCTAD

Q.7) What are the objectives of the taxation policy in India?
1. Directing investment into small scale sector
2. Reducing the consumption of luxury goods
3. Enforcement of law and order

Select the correct answer using the codes given below.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1,2 and 3

Q.8)Consider the following statements.
1. Since 9th FYP there is consistent increase in the tax collection.
2. Tax collection after 1991 reforms declined initially.

Which of the above statements is/are correct?
a)1 only
b)2 only
c)Both 1 and 2
d)Neither 1 nor 2

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