Indian Economy Gk Questions and Answers

9. India is not a member of which one of the following?
  A.  Commonwealth of Independent States
  B.  South Asian Association for Regional Cooperation
  C.  South Asian Free Trade Agreement
  D.  World Trade Organization
Answer
Ans: A
Commonwealth of Independent States
10. Which of the following non banking finance companies is not allowed to convert itself into a Bank?
  A.  Tata Finance
  B.  Peerless Finance
  C.  Birla Mutual Funds
  D.  Kotak Mahindra Finance Ltd
Answer
Ans: D
Kotak Mahindra Finance Ltd
11. Product differentiation is the most important feature of
  A.  Oligopoly
  B.  Monopoly
  C.  Pure competition
  D.  Monopolistic competition
Answer
Ans: D
Monopolistic competition
12. The process of budget making after reevaluation every item of expenditure in every financial year is known as
  A.  Zero Based Budgeting
  B.  Fresh Budgeting
  C.  Deficit Budgeting
  D.  Performance Budgeting
Answer
Ans: A
Zero Based Budgeting
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