Current Affairs MCQ for UPSC Exams – 29 October 2015

 Current Affairs MCQ for UPSC Exams – 29 October 2015

:: Economy ::

1. The symptoms of overheating of economy is :

1. downturn in aggregate demand
2. the level of production in the economy also falls
3. No new employment opportunities
4. labour cut is not forced but voluntary here.

Incorrect statement is / are

a. 1,2
b. only 4
c. 1,2,3,4
d. none

2. What are the remedies to overcome from the Recession?

1. Direct and indirect taxes should be cut down
2. Salaries and wages should be revised by the government
3. Follow a cheap money supply policy
4. Tax breaks are announced for new investment in productive areas.

Correct statements are :

a. 1,2,3
b. 2,3,4
c. 1,2,4
d.1,2,3,4

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