CMAT Economics Practice Questions With Solutions

Which of the following statements are correct?
A. Finance Commission is a constitutional body, constituted by the President under article 280 of the constitution.
B. First Finance Commission was constituted under chairmanship of K.C. Niyogi.
C. The 15th Finance Commission for the period 2020-25 was constituted with N.K. Singh as chairman.
D. The R Chelliah Committee was constituted in 1994 for suggesting reforms in banking system.
Choose the correct answer from the options given below :

Match List I with List II :

Choose the correct answer from the options given below :

Given below are four distinct statements. Please read them carefully and response the question that is given thereafter.
(A) White Revolution is related to Milk production.
(B) Black Revolution is related to Honey production.
(C) Blue Revolution is related to leather production.
(D) Yellow Revolution is related to oil seeds production.
Choose the most appropriate answer from the options given below :

The word 'Blue Revolution' is associated with

Which of the following statement is NOT correct?

Given below are two statements :

In November, 2020 Union Cabinet gave its nod to merge which two banks?

Match List I with List II

Choose the most appropriate answer from the options given below:

Match List I with List II

Choose the most appropriate answer from the options given below:

Given below are two statements:
Statement I: Gross Domestic Product (GDP) is the final value of the goods and services produced with in the geographical boundaries of a country during a year.
Statement II: GDP equals the Net Domestic Product (NDP) plus depreciation (Value of loss of an asset) on country's capital goods.
In the light of the above statements, choose the most appropriate answer from the options given below