MCQs
Total Questions : 217
| Page 19 of 22 pages
Answer: Option A. -> 1 only
Answer: (a)It was introduced in France to overcome the cascading effect of several taxes-from raw material to the final product in the process of production
Answer: (a)It was introduced in France to overcome the cascading effect of several taxes-from raw material to the final product in the process of production
Answer: Option B. -> Excise Duty
Answer: (b)Some examples of indirect taxes include value added tax, excise duty, sales tax, stamp duty and custom duty levied on imports. These are taxes levied by the state on expenditure and consumption, but not on property or income.
Answer: (b)Some examples of indirect taxes include value added tax, excise duty, sales tax, stamp duty and custom duty levied on imports. These are taxes levied by the state on expenditure and consumption, but not on property or income.
Answer: Option B. -> RBI would become a direct player.
Answer: (b)
Answer: (b)
Answer: Option D. -> None
Answer: (d)Expansionary fiscal policy involves government spending exceeding tax revenue, and is usually undertaken during recessions. Contractionary fiscal policy occurs when government spending is lower than tax revenue, and is usually undertaken to pay down government debt.
Answer: (d)Expansionary fiscal policy involves government spending exceeding tax revenue, and is usually undertaken during recessions. Contractionary fiscal policy occurs when government spending is lower than tax revenue, and is usually undertaken to pay down government debt.
Answer: Option A. -> 1 alone
Answer: (a)In respect of capital account of balance of payment, the Indian rupee is partially convertible after 1991.
Answer: (a)In respect of capital account of balance of payment, the Indian rupee is partially convertible after 1991.
Question 186. Consider the following statements in respect of Financial Commission:
- It is mandatory to appoint a Finance Commission every five years.
- Finance Commission lays down the principles governing grant-in-aid to states.
- Finance Minister is the ex-officio Chairperson of the Finance Commission.
- The award given by the Finance Commission is binding on Central and State governments.
Answer: Option C. -> 1, 2 and 4
Answer: (c)
Answer: (c)
Answer: Option D. -> An agency for safe-keeping of securities
Answer: (d)
A Central Securities Depository (CSD) is an organization holding securities either in certificated or un-certificated (dematerialized) form, to enable the book-entry transfer of securities.
In some cases, these organizations also carry out centralized comparison and transaction processing such as clearing and settlement of securities.
The physical securities may be immobilized by the depository or securities may be dematerialized (so that they exist only as electronic records).
The following are depository services:
Demat accounts;
Dematerialization;
Rematerialization;
Transfer of securities; and
Pledge services.
Answer: (d)
A Central Securities Depository (CSD) is an organization holding securities either in certificated or un-certificated (dematerialized) form, to enable the book-entry transfer of securities.
In some cases, these organizations also carry out centralized comparison and transaction processing such as clearing and settlement of securities.
The physical securities may be immobilized by the depository or securities may be dematerialized (so that they exist only as electronic records).
The following are depository services:
Demat accounts;
Dematerialization;
Rematerialization;
Transfer of securities; and
Pledge services.
Answer: Option B. -> 3 only
Answer: (b)
Answer: (b)
Answer: Option C. -> inflation
Answer: (c)
Deficit financing is a practice in which a government spends more money than it receives as revenue, the difference being made up by borrowing or minting new funds.
Some economists are of the view that it leads to inflation as governments pay off debts by printing fiat money, increasing the money supply and the purchasing power of the people which increases the aggregate demand.
Answer: (c)
Deficit financing is a practice in which a government spends more money than it receives as revenue, the difference being made up by borrowing or minting new funds.
Some economists are of the view that it leads to inflation as governments pay off debts by printing fiat money, increasing the money supply and the purchasing power of the people which increases the aggregate demand.
Answer: Option B. -> offloading of government shares to private companies
Answer: (b)Disinvestment is a process where Government sells its equity holding to private sectors. In other ways it is a privatization process where private parties are given shareholding in Government undertakings either wholly or partially.
Answer: (b)Disinvestment is a process where Government sells its equity holding to private sectors. In other ways it is a privatization process where private parties are given shareholding in Government undertakings either wholly or partially.
Latest Videos
Latest Test Papers
Login With Google
Old way of Login
Login With Email