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Indian Economy and Reforms

Indian economy, planning, reforms and rural development.

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Q1 · Indian Economy and Reforms · EASY
Which among the following is NOT a direct tax levied by the Government of India?
Q2 · Indian Economy and Reforms · MEDIUM
Which of the following statements regarding India's fiscal deficit management is correct? 1. The Fiscal Responsibility and Budget Management (FRBM) Act mandates maintaining a fiscal deficit below 3% of GDP. 2. Capital expenditure contributes to fiscal deficit but does not form part of revenue deficit. 3. Off-budget borrowings are included in the calculation of the fiscal deficit. Select the correct answer using the code given below:
Q3 · Indian Economy and Reforms · MEDIUM
The term 'Base Erosion and Profit Shifting' (BEPS) is associated with:
Q4 · Budget and Taxation · MEDIUM
According to the Karnataka State Budget 2025-26, what is the projected Gross State Domestic Product (GSDP) at current prices?
Q5 · Banking and Financial System · HARD
Consider the following statements about the Reserve Bank of India's Monetary Policy: 1. The Monetary Policy Committee (MPC) consists of six members, with three nominated by the Central Government. 2. The repo rate is the rate at which commercial banks borrow from the RBI against government securities. 3. The reverse repo rate is always higher than the repo rate. Which of the statements given above is/are correct?