MCQs
Total Questions : 650
| Page 58 of 65 pages
Answer: Option C. -> Tax that takes a larger perentage from lowincome people than from high income people.
Answer: (c)
A regressive tax is generally a tax that is applied uniformly. This means that it hits lower-income individuals harder.
The regressive tax imposes a greater burden (relative to resources) on the poor than on the rich — there is an inverse relationship between the tax rate and the taxpayer’s ability to pay as measured by assets, consumption, or income.
Answer: (c)
A regressive tax is generally a tax that is applied uniformly. This means that it hits lower-income individuals harder.
The regressive tax imposes a greater burden (relative to resources) on the poor than on the rich — there is an inverse relationship between the tax rate and the taxpayer’s ability to pay as measured by assets, consumption, or income.
Answer: Option C. -> Fifth plan
Answer: (c)
Garibi Hatao Desh Bachavo (Abolish Poverty to rescue the country) was the theme and slogan of Indira Gandhi’s 1971 election bid. It was part of the 5th Five Year Plan.
The plan prepared by D. Dhar proposed to achieve two main objectives viz, ‘removal of poverty’ (Garibi Hatao) and ‘attainment of self-reliance
Answer: (c)
Garibi Hatao Desh Bachavo (Abolish Poverty to rescue the country) was the theme and slogan of Indira Gandhi’s 1971 election bid. It was part of the 5th Five Year Plan.
The plan prepared by D. Dhar proposed to achieve two main objectives viz, ‘removal of poverty’ (Garibi Hatao) and ‘attainment of self-reliance
Answer: Option C. -> Rs.50
Answer: (c)
The Reserve Bank has introduced banknotes in the Mahatma Gandhi Series since 1996 and has so far issued notes in the denominations of Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000 in this series.
Mahatma Gandhi series of Rs.50 notes has a picture of the Parliament of India on its reverse.
Answer: (c)
The Reserve Bank has introduced banknotes in the Mahatma Gandhi Series since 1996 and has so far issued notes in the denominations of Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000 in this series.
Mahatma Gandhi series of Rs.50 notes has a picture of the Parliament of India on its reverse.
Answer: Option D. -> 74 per cent
Answer: (d)
At present 74% to 100% FDI is permitted for various telecom services. 100% FDI is permitted in the area of telecom equipment manufacturing and provision of IT-enabled services. This has made telecom one of the major sectors attracting FDI inflows in India.
For Basic and cellular, Unified Access Services, National / International Long Distance, VSat, Public Mobile Radio Trunked Services (PMRTS), Global Mobile Personal Communications Services (GMPCS) and other value-added telecom services - FDI up to 74% (including FDI, FII, NRI, FCCBs, ADRs, GDRs, convertible preference shares, and proportionate foreign equity in Indian promoters/ Investing Company) is permitted. FDI up to 49% is permitted under automatic route and beyond 49% by relevant FIPB guidelines.
For ISP (with gateways), end to end bandwidth and Radio Paging Service - FDI up to 74% is permitted subject to licensing and security requirements. Here also, FDI up to 49% is permitted under automatic route and beyond 49% by FIPB guidelines.
For ISP without gateway, Infrastructure Providers providing dark fibre, right of way, duct space, Tower (Category-I), Electronic Mail and Voice Mail - FDI up to 100% is allowed subject to the conditions that such companies would divest 26% of their equity in favour of Indian public in 5 years if these companies are listed in other parts of the world.
Again, FDI up to 49% is permitted under automatic route and beyond 49% by FIPB guidelines.
Answer: (d)
At present 74% to 100% FDI is permitted for various telecom services. 100% FDI is permitted in the area of telecom equipment manufacturing and provision of IT-enabled services. This has made telecom one of the major sectors attracting FDI inflows in India.
For Basic and cellular, Unified Access Services, National / International Long Distance, VSat, Public Mobile Radio Trunked Services (PMRTS), Global Mobile Personal Communications Services (GMPCS) and other value-added telecom services - FDI up to 74% (including FDI, FII, NRI, FCCBs, ADRs, GDRs, convertible preference shares, and proportionate foreign equity in Indian promoters/ Investing Company) is permitted. FDI up to 49% is permitted under automatic route and beyond 49% by relevant FIPB guidelines.
For ISP (with gateways), end to end bandwidth and Radio Paging Service - FDI up to 74% is permitted subject to licensing and security requirements. Here also, FDI up to 49% is permitted under automatic route and beyond 49% by FIPB guidelines.
For ISP without gateway, Infrastructure Providers providing dark fibre, right of way, duct space, Tower (Category-I), Electronic Mail and Voice Mail - FDI up to 100% is allowed subject to the conditions that such companies would divest 26% of their equity in favour of Indian public in 5 years if these companies are listed in other parts of the world.
Again, FDI up to 49% is permitted under automatic route and beyond 49% by FIPB guidelines.
Answer: Option B. -> A mixed economy
Answer: (b)
Answer: (b)
Answer: Option D. -> Return on capital increases
Answer: (d)
Interest rates are the main determinant of investment on a macroeconomic scale. The current thought is that if interest rates increase across the board, then investment decreases, causing a fall in national income.
However, the Austrian School of Economics sees higher rates as leading to greater investment in order to earn the interest to pay the depositors.
Higher rates encourage more saving and thus more investment and thus more jobs to increase production to increase profits. Higher rates also discourage economically unproductive lending such as consumer credit and mortgage lending.
Answer: (d)
Interest rates are the main determinant of investment on a macroeconomic scale. The current thought is that if interest rates increase across the board, then investment decreases, causing a fall in national income.
However, the Austrian School of Economics sees higher rates as leading to greater investment in order to earn the interest to pay the depositors.
Higher rates encourage more saving and thus more investment and thus more jobs to increase production to increase profits. Higher rates also discourage economically unproductive lending such as consumer credit and mortgage lending.
Answer: Option C. -> Both of a and b
Answer: (c)
NTPC Limited is the largest Indian state-owned electric utilities company based in New Delhi, India.
NTPC’s core business is engineering, construction and operation of power generating plants and providing consultancy to power utilities in India and abroad.
The name of the Company “National Thermal Power Corporation Limited” was changed to “NTPC Limited” with effect from 28 October 2005. The primary reason for this was the company’s foray into hydro and nuclear-based power generation along with backward integration by coal mining.
The Power Grid Corporation of India is an Indian state-owned electric utility company headquartered in Gurgaon, India. Power Grid wheels about 50% of the total power generated in India on its transmission network.
Power Grid has also diversified into the Telecom business and established a telecom network of more than 25,000 km across the country.
Answer: (c)
NTPC Limited is the largest Indian state-owned electric utilities company based in New Delhi, India.
NTPC’s core business is engineering, construction and operation of power generating plants and providing consultancy to power utilities in India and abroad.
The name of the Company “National Thermal Power Corporation Limited” was changed to “NTPC Limited” with effect from 28 October 2005. The primary reason for this was the company’s foray into hydro and nuclear-based power generation along with backward integration by coal mining.
The Power Grid Corporation of India is an Indian state-owned electric utility company headquartered in Gurgaon, India. Power Grid wheels about 50% of the total power generated in India on its transmission network.
Power Grid has also diversified into the Telecom business and established a telecom network of more than 25,000 km across the country.
Answer: Option D. -> To ensure social justice.
Answer: (d)
The Reserve Bank of India is the main monetary authority of the country and besides that, the central bank acts as the bank of the national and state governments.
It formulates, implements and monitors the monetary policy as well as has to ensure an adequate flow of credit to productive sectors.
Objectives are maintaining price stability and ensuring adequate flow of credit to productive sectors.
Answer: (d)
The Reserve Bank of India is the main monetary authority of the country and besides that, the central bank acts as the bank of the national and state governments.
It formulates, implements and monitors the monetary policy as well as has to ensure an adequate flow of credit to productive sectors.
Objectives are maintaining price stability and ensuring adequate flow of credit to productive sectors.
Answer: Option D. -> ICICI
Answer: (d)
ICICI (Industrial Credit and Investment Corporation of India) Bank is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra.
It is the largest private sector bank and overall the second largest bank in India after State Bank of India.
Answer: (d)
ICICI (Industrial Credit and Investment Corporation of India) Bank is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra.
It is the largest private sector bank and overall the second largest bank in India after State Bank of India.
Answer: Option D. -> Services sector
Answer: (d)
Answer: (d)
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