Discussion
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- Question
The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to
Options- A. 35%
- B. 40%
- C. 42%
- D. 45%
- Correct Answer
- 42%
- 1. Redistribution of income in a country can be brought about through
Options- A. Progressive taxation combined with progressive expenditure
- B. Progressive taxation combined with regressive expenditure
- C. Regressive taxation combined with regressive expenditure
- D. Regressive taxation combined with progressive expenditure Discuss
- 2. A motion that seeks to reduce the amount of demand presented by government to Rs. 1/- is known as
Options- A. Disapproval of policy Cut
- B. Token cut
- C. Economy cut
- D. Vote on account Discuss
- 3. An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.
Options- A. same
- B. higher
- C. lower
- D. minimum Discuss
- 4. Which of the following sets of taxes belongs to Central Government?
Options- A. Excise duty, Sales tax and Custom duty
- B. Income tax, Custom duty and House tax
- C. Excise duty, Custom duty and Income tax
- D. Custom duty, Entertainment tax and Income tax Discuss
- 5. An indifference curve measures the same level of ___________
Options- A. Output from two factors
- B. Satisfaction from two commodities
- C. Satisfaction from Income and Capital
- D. Satisfaction from expenditure and savings Discuss
- 6. Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?
Options- A. Demand is elastic
- B. Demand is inelastic
- C. The product can be differentiated
- D. The product can be homogenous. Discuss
- 7. The major objective of monetary policy is to
Options- A. increase government's tax revenue
- B. revamp the Public Distribution System
- C. Promote economic growth with price stability
- D. weed out corruption in the economy Discuss
- 8. Which one is not the main objective of fiscal policy in India?
Options- A. To increase liquidity in the economy
- B. To promote price stability
- C. To minimize the inequalities of income & wealth
- D. To promote employment opportunity Discuss
- 9. Which one of the following is not an instrument of Fiscal policy?
Options- A. Open Market Operations
- B. Taxation
- C. Public borrowing
- D. Public expenditure Discuss
- 10. In which of the following market forms, a firm does not exercise control over price?
Options- A. Monopoly
- B. Perfect competition
- C. Oligopoly
- D. Monopolistic competition Discuss
Indian Economy problems
Search Results
Correct Answer: Progressive taxation combined with progressive expenditure
Correct Answer: Disapproval of policy Cut
Correct Answer: same
Correct Answer: Excise duty, Custom duty and Income tax
Correct Answer: Satisfaction from two commodities
Correct Answer: The product can be differentiated
Correct Answer: Promote economic growth with price stability
Correct Answer: To increase liquidity in the economy
Correct Answer: Open Market Operations
Correct Answer: Perfect competition
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