Social accounting system in India classified into

• enterprise, households and government

• assets, liabilities and debt position

• public sector, private sector and join sector

• income, product and expenditure

Which article of the Indian Constitution did Dr BR Ambedkar term as the 'Heart and Soul' of the Indian Constitution?

• Article 19

• Article 356

• Article 32

• Article 14

Division of powers and independent Judiciary are the two important features of

• unitary form of Government

• democratic form of Government

• federal form of Government

• socialist form of Government

The demand for labour is called

• direct demand

• derived demand

• factory demand

• market demand

Forced saving refer to

• taxes on individual income and wealth

• compulsory deposits imposed on income tax payers

• provident fund contribution of private sector employees

• reduction of consumption consequent to a rise in prices

Who presides over the joint session of Indian Parliament?

• President of India

• Chairperson of Rajya Sabha

• Senior most Member of Parliament

• Speaker of Lok Sabha

Who was the first to use the term 'State'?

• Plato

• Aristotle

• Machiavelli

• Hobbes

Under which article of the constitution of India, can the fundamental rights of the members of the Armed Forces to specifically restricted?

• Article 19

• Article 21

• Article 25

• Article 33

Which of the following is not an investment expenditure in goods and services?

• Purchase of a house

• Purchase of a machinery

• An increase in business inventories

• Expansion of the main plant of a company

Which one of the following represents the savings of the private corporate sector?

• Undistributed profits

• Total profits of a company

• Excess of income over expenditure

• Dividends paid to shareholders