Question: Under the Buffer Stocking Policy of food grains, the peak storage of food grains to be maintained in the Central Pool by the public agencies will be on:
A.1 April
B.1 October
C.1 July
D.1 December
Answer: Option C
: C


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Question 1. Which of the following is not a central government tax?
  1.    Income tax
  2.    Customs
  3.    Land revenue
  4.    Corporation tax
Answer: Option C
: C

Question 2. Private sector cannot be expected to invest in public goods because:
  1.    the returns on public goods are not attractive
  2.    the problem of non-exclusion
  3.    cost recovery is not adequate
  4.    no direct return on investment
Answer: Option D
: D

Question 3. Identify one area which has not been listed as a National Thrust Area by the Investment Commission for enhancing growth:
  1.    Pharmaceuticals
  2.    Tourism
  3.    Textiles
  4.    Agro-processing
Answer: Option A
: A

Question 4. Which one of the following taxes is not shared by the central government with the states?
  1.    Union excise duties
  2.    Customs duty
  3.    Income tax
  4.    Estate duty
Answer: Option B
: B

Question 5. The reversal of British Indian Policy from free trade to discriminating protection in 1923 was the result of:
  1.    Montague-Chelmsford Reforms
  2.    the recommendation of Fiscal Commission
  3.    Swadeshi movement
  4.    changes in American trade policies
Answer: Option B
: B

Question 6. Consider the following statements in relation to the National Investment Fund (NIF) 2006:
  1.    NIF will consist of proceeds from disinvestment of government equity in PSUs.
  2.    It would be maintained outside the Consolidated Fund of India.
  3.    The Fund will be used to finance selected social sector schemes.
  4.    Some portion of the Fund will also be utilized for investment in loss-making PSUs.
Answer: Option D
: D


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