Question : The basis of determining dearness allowance to employees in India is
Option 1: national income
Option 2: consumer price index
Option 3: standard of living
Option 4: inflation rate
Correct Answer: consumer price index
Solution : The correct answer is the consumer price index.
The consumer price index is used in India to calculate the Dearness Allowance (DA) for government employees. A benefit known as a Dearness Allowance (DA) is provided to employees to offset the impact of inflation on their real income and pay. The computation accounts for the effect of inflation in each employee's specific area.
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Question : From the national point of view, which of the following indicates a micro approach?
Option 1: Study of the scale of mobile phones by BSNL.
Option 2: Unemployment among women.
Option 3: Per capita income in India.
Option 4: Inflation in India.
Question : The interest rate at which the Reserve Bank of India provides overnight liquidity to banks is called ________.
Option 1: Reverse repo rate
Option 2: Marginal standing facility rate
Option 3: Repo rate
Option 4: Leverage rate
Question : Which of the following areas make the largest contribution to the national income in India?
Option 1: Industry
Option 2: Services
Option 3: Agriculture
Option 4: Mining
Question : 'BFSI' stands for Banking, Financial Services and_______in India. It is a broad term for industries that offer financial products and services.
Option 1: Inflation
Option 2: Investment
Option 3: Insurance
Option 4: Index Fund
Question : Which is the first national park established in India?
Option 1: Velvadan National Park
Option 2: Periyar National Park
Option 3: Bandipur National Park
Option 4: Corbett National Park
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