Question
Which of the following is/are functions of Department of
Economic Affairs under Ministry of Finance? 1. Preparation and presentation of Union Budget 2. Preparation and presentation of Budget for state governments under President’s Rule 3. Cadre Management for Indian Economic ServicesSolution
A principal responsibility of this Department is the preparation and presentation of the Union Budget (including Railway Budget) to the Parliament and budget for the state governments under President’s Rule and union territory administrations. Other functions include: formulation and monitoring of macroeconomic policies, including issues relating to fiscal policy and public finance, inflation, public debt management and the functioning of capital market including stock exchanges; production of bank notes and coins of various denominations, postal stationery, postal stamps; and cadre management, career planning and training of the Indian Economic Service.
Consumer sovereignty implies that consumers:Â
SEZ is an abbreviation for which term, denoting areas that drive economic growth?Â
Which is not correct about New Development Bank (NDB)?
The production function of a firm is a relationship between which two factors?Â
Geological Survey of India (GSI) has approved the setting up of a geopark in ____________, the country’s first.
As per the Income Tax Act of 1961, Section 115JB, the Minimum Alternate Tax (MAT) is calculated at what percentage of the book profit?Â
Who is considered the father of modern economics.
Which of the following is NOT a feature of the manufacturing sector in India?Â
An increase in demand for a good will cause the equilibrium price to ______ and the equilibrium quantity to ______.Â
Which goods are described by the law of diminishing marginal utility?Â