Discussion
Home ‣ General Knowledge ‣ Indian Economy Comments
- Question
The single-step income statement emphasizes
Options- A. the various components of income from continuing operations
- B. extraordinary items and accounting changes more than these are emphasized in the multiple-step income statement
- C. total revenues and total expenses
- D. the gross profit figure
- Correct Answer
- total revenues and total expenses
ExplanationThe single-step income statement emphasizes
1. total revenues and total expenses.2. Revenues
3. Expenses
4. Net income
The primary advantage of the single step fromat lies in its simple presentation and the absence of any implication that one type of revenue or expense item has priority over another.
- 1. GST Council has decided to keep a total of ________ items in the 28% slab, which was earlier 227.
Options- A. 125
- B. 87
- C. 100
- D. 50 Discuss
- 2. The Government has renamed NREGA schme and the name associated with the scheme is that of
Options- A. Rajeev Gandhi
- B. Indira Gandhi
- C. Mahatma Gandhi
- D. Jawaharlal Nehru Discuss
- 3. Nature of unemployment in agriculture in India is
Options- A. Seasonal
- B. Disguised
- C. both ' a ' and ' b '
- D. None of these Discuss
- 4. Gold Mines in India are located mainly at
Options- A. Kolar
- B. Raniganj
- C. Jadugoda
- D. Veeranam Discuss
- 5. What is the longest irrigation canal India called
Options- A. Yamuna Canal
- B. Sirhind canal
- C. Indira Gandhi canal
- D. Upper Bari Doab Canal Discuss
- 6. Which of the following is / are fund managers for National Pension System (NPS) in 2017 ?
Options- A. Axis provident fund
- B. Yes bank pension fund
- C. ICICI prudential pension
- D. Punjab National provident fund Discuss
- 7. The First Five Year Plan was based on ___________.
Options- A. Herold Domar Model
- B. P.C . Mahalanobis Model
- C. Both the Above
- D. None of the above Discuss
- 8. The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called ?
Options- A. FDI
- B. NRI Investment
- C. Portfolio Investment
- D. Foreign Indirect Investment Discuss
- 9. Which country has recently become fifth largest military spender ?
Options- A. India
- B. Japan
- C. China
- D. Russia Discuss
- 10. Taxes cannot be levied by the union government in India -
Options- A. Tax on professions
- B. Service tax
- C. Income tax
- D. All of the above Discuss
Indian Economy problems
Search Results
Correct Answer: 50
Explanation:
The GST Council on Nov 10th 2017 cut tax rates of over 175 products that were in the highest tax slab of 28% under the Goods and Services Tax (GST) regime.
Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.
Correct Answer: Mahatma Gandhi
Correct Answer: both ' a ' and ' b '
Correct Answer: Kolar
Correct Answer: Indira Gandhi canal
Correct Answer: ICICI prudential pension
Explanation:
At present in 2017, there are only seven NPS fund managers viz. HDFC Pension Fund, ICICI Prudential Pension, Kotak Pension Fund, LIC Pension Fund, Reliance Capital Pension, SBI Pension Fund and UTI Retirement Solutions.
Correct Answer: Herold Domar Model
Correct Answer: Foreign Indirect Investment
Correct Answer: India
Explanation:
1. India's military expenditure grew around 8.5 percent in 2016, making it the world's fifth largest spender at $55.9 billion, figures released by the Stockholm International Peace Research Institute (SIPRI).
2. As per the figures, the US remains the world's largest military spender registering a growth of 1.7 percent between 2015 and 2016 to $611 billion.
3. China is second and Russia is on the third position in the list.
Correct Answer: Tax on professions
Explanation:
Tax on professions cannot be levied by the union government in India.
Comments
There are no comments.More in General Knowledge:
Programming
Copyright ©CuriousTab. All rights reserved.