MCQs
Total Questions : 650
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Answer: Option D. -> the net incomes of the companies
Answer: (d)
Corporate Tax is a levy placed on the profit of a firm, with different rates used for different levels of profits. Corporate taxes are taxes against profits earned by businesses during a given taxable period.
Most countries tax all corporations doing business in the country on income from that country.
Answer: (d)
Corporate Tax is a levy placed on the profit of a firm, with different rates used for different levels of profits. Corporate taxes are taxes against profits earned by businesses during a given taxable period.
Most countries tax all corporations doing business in the country on income from that country.
Answer: Option D. -> All of the above
Answer: (d)
NABARD is the apex institution in the country that looks after the development of the cottage industry, small industry and village industry, and other rural industries.
Its other functions are:
to coordinate the rural financing activities of all institutions engaged in developmental work at the field level and maintain liaison with Government of India, State Governments, Reserve Bank of India (RBI) and other national level institutions concerned with policy formulation;
to re-finance the financial institutions which finance the rural sector;
to regulate the cooperative banks and the RRB’s, etc.
NABARD’s refinance is available to;
State Co-operative Agriculture and Rural Development Banks (SCARDBs),
State Co-operative Banks (SCBs),
Regional Rural Banks (RRBs),
Commercial Banks (CBs) and
other financial institutions approved by RBI.
Answer: (d)
NABARD is the apex institution in the country that looks after the development of the cottage industry, small industry and village industry, and other rural industries.
Its other functions are:
to coordinate the rural financing activities of all institutions engaged in developmental work at the field level and maintain liaison with Government of India, State Governments, Reserve Bank of India (RBI) and other national level institutions concerned with policy formulation;
to re-finance the financial institutions which finance the rural sector;
to regulate the cooperative banks and the RRB’s, etc.
NABARD’s refinance is available to;
State Co-operative Agriculture and Rural Development Banks (SCARDBs),
State Co-operative Banks (SCBs),
Regional Rural Banks (RRBs),
Commercial Banks (CBs) and
other financial institutions approved by RBI.
Answer: Option B. -> income from entrepreneurship earned from abroad
Answer: (b)
Net Factor Income from Abroad (NFIA) refers to income generated by nationals abroad in the form of wages, salaries, rent, interest, dividend and profit.
It has the following three components:
Net compensation of employees;
Net income from property i.e., rent, interest and income from entrepreneurship (that is, profits and dividends); and
Net retained earnings of the resident companies working in foreign countries.
Profits earned by Indian banks functioning abroad come under ‘income from entrepreneurship.’
Answer: (b)
Net Factor Income from Abroad (NFIA) refers to income generated by nationals abroad in the form of wages, salaries, rent, interest, dividend and profit.
It has the following three components:
Net compensation of employees;
Net income from property i.e., rent, interest and income from entrepreneurship (that is, profits and dividends); and
Net retained earnings of the resident companies working in foreign countries.
Profits earned by Indian banks functioning abroad come under ‘income from entrepreneurship.’
Answer: Option C. -> Tiger before a Palm tree
Answer: (c)
The logo of the Reserve Bank of India comprises a tiger walking underneath a palm tree.
It is contended that the Reserve Bank of India copied the tiger and palm tree symbol from the gold Mohur issued by the East India Company in the 19th century.
The double Mohur of William IV had a nice reverse, which was a symbol of a Lion and a Palm tree. When RBI was created, it was decided that the reverse of Double Mohur, the Lion and Palm design should be used as the emblem of RBI.
The last-minute modification was made introducing Tiger instead of Lion.
Answer: (c)
The logo of the Reserve Bank of India comprises a tiger walking underneath a palm tree.
It is contended that the Reserve Bank of India copied the tiger and palm tree symbol from the gold Mohur issued by the East India Company in the 19th century.
The double Mohur of William IV had a nice reverse, which was a symbol of a Lion and a Palm tree. When RBI was created, it was decided that the reverse of Double Mohur, the Lion and Palm design should be used as the emblem of RBI.
The last-minute modification was made introducing Tiger instead of Lion.
Answer: Option C. -> V. K. R. V Rao
Answer: (c)The first person to adopt a scientific procedure in estimating the national income was Dr. VKRV Rao in 1931.
Answer: (c)The first person to adopt a scientific procedure in estimating the national income was Dr. VKRV Rao in 1931.
Answer: Option B. -> an increase in consumption
Answer: (b)The effect of a government surplus upon the equilibrium level of NNP (Net National Product) is substantially the same as an increase in consumption.
Answer: (b)The effect of a government surplus upon the equilibrium level of NNP (Net National Product) is substantially the same as an increase in consumption.
Answer: Option D. -> 2 only
Answer: (d)
Banks are required to invest a portion of their statutory liquidity ratio besides CRR.
Statutory liquidity ratio (SLR) is the Indian government term for reserve requirement that the commercial banks in India require to maintain in the form of gold, cash or government-approved securities before providing credit to the customers.
SLR is determined and maintained by the Reserve Bank of India in order to control the expansion of bank credit.
Answer: (d)
Banks are required to invest a portion of their statutory liquidity ratio besides CRR.
Statutory liquidity ratio (SLR) is the Indian government term for reserve requirement that the commercial banks in India require to maintain in the form of gold, cash or government-approved securities before providing credit to the customers.
SLR is determined and maintained by the Reserve Bank of India in order to control the expansion of bank credit.
Answer: Option B. -> 1 and 2
Answer: (b)Over population of India can be controlled by providing maximum employment and giving proper education how to control population.
Answer: (b)Over population of India can be controlled by providing maximum employment and giving proper education how to control population.
Answer: Option C. -> exports
Answer: (c)
A country devalues its currency in order to promote exports. A key effect of devaluation is that it makes the domestic currency cheaper relative to other currencies. There are two implications of devaluation.
First, devaluation makes the country’s exports relatively less expensive for foreigners. Second, the devaluation makes foreign products relatively more expensive for domestic consumers, thus discouraging imports.
This may help to increase the country’s exports and decrease imports, and may therefore help to reduce the current account deficit. One typical example is Thailand in the 1998 Asian financial crisis.
The baht was pegged at 25 to the US dollar before the crisis. During the crisis, the slowdown in export growth caused Thailand to abandon the dollar peg and devalue its currency in order to promote exports.
Answer: (c)
A country devalues its currency in order to promote exports. A key effect of devaluation is that it makes the domestic currency cheaper relative to other currencies. There are two implications of devaluation.
First, devaluation makes the country’s exports relatively less expensive for foreigners. Second, the devaluation makes foreign products relatively more expensive for domestic consumers, thus discouraging imports.
This may help to increase the country’s exports and decrease imports, and may therefore help to reduce the current account deficit. One typical example is Thailand in the 1998 Asian financial crisis.
The baht was pegged at 25 to the US dollar before the crisis. During the crisis, the slowdown in export growth caused Thailand to abandon the dollar peg and devalue its currency in order to promote exports.
Answer: Option D. -> Neither 1 nor 2
Answer: (d)Infant mortality rate indicates the number of infant death under one years of age per 1000 live birth under one year of age.
Answer: (d)Infant mortality rate indicates the number of infant death under one years of age per 1000 live birth under one year of age.
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