If a budget is defeated in the legislature of a state, then

• the Finance Minister along has to resign

• the Finance Minister concerned has to be suspended

• the council of Ministers along with the Chief Minister has to resign

• the council of Ministers along with the Chief Minister has to resign

Beginning from the Financial Year 2017-18 NITI Ayog plans to replace the 5 year plans with which of the following?

• 5 year Vision Document

• 10 year Vision Document

• 15 year Vision Document

• 15 year Vision Document

National Income of India is compiled by

• Finance Commission

• Indian Statistical Institute

• National Development Council

• National Development Council

In terms of economics, if it is possible to make someone better-off without making someone worse-off, then the situation is

• Inefficient

• Efficient

• Optimal

• Optimal

Backward bending supply curve belongs to which market?

• Capital

• Labour

• Money

• Money

Which State Government has recently abolished agriculture income tax?

• Karnataka

• Rajasthan

• Bihar

• Bihar

The innovation theory of profit was proposed by

• Marshall

• Clark

• Schumpeter

• Schumpeter

Project 'Sankalp' started for the purpose ........

• to eradicate illiteracy

• to eradicate Polio

• to eliminate AIDS/HIV

• to eliminate AIDS/HIV

Which of the following is not a method of estimating national income?

• Expenditure method

• Output method

• Matrix method

• Matrix method

SIDO is related to the development of

• Small Industries

• Steel Industry

• Soap Industry

• Soap Industry