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- Question
Since the inception of the co-operative movement, rural credits has been
Options- A. institutionalized
- B. rationalized
- C. cheapened
- D. All of the above
- Correct Answer
- All of the above
- 1. Which of the following is not viewed as a national debt?
Options- A. Provident Fund
- B. Life Insurance Policies
- C. National Saving Certificate
- D. Long-term Government Bonds Discuss
- 2. Short-term finance is usually for a period ranging up to
Options- A. 5 months
- B. 10 months
- C. 12 months
- D. 15 months Discuss
- 3. Revenue of the state governments are raised from the following sources, except
Options- A. entertainment tax
- B. expenditure tax
- C. agricultural income tax
- D. land revenue Discuss
- 4. The ARDC is now a branch of the
Options- A. RBI
- B. NABARD
- C. IDBI
- D. SDBI Discuss
- 5. Non Tax revenues can be increased by improving the working of the
Options- A. State Road Transport Corporations
- B. electricity boards
- C. commercial irrigation projects
- D. All of the above Discuss
- 6. Debenture holders of a company are its
Options- A. shareholders
- B. creditors
- C. debtors
- D. directors Discuss
- 7. Devaluation of a currency means
Options- A. reduction in the value of a currency vis-a-vis major internationally traded currencies
- B. permitting the currency to seek its worth in the international market
- C. fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
- D. fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners Discuss
- 8. If the RBI adopts an expansionist open market operations policy, this means that it will
Options- A. buy securities from non-government holders
- B. sell securities in the open market
- C. offer commercial banks more credit in the open market
- D. openly announce to the market that it intends to expand credit Discuss
- 9. Excise duty is a tax levied on the
Options- A. import of goods
- B. export of goods
- C. production of goods
- D. sale of goods Discuss
- 10. If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
Options- A. Rs. 50,000 crores
- B. Rs. 25,000 crores
- C. Rs. 1,00,000 crores
- D. Rs. 1,25,000 crores Discuss
Indian Economy problems
Search Results
Correct Answer: National Saving Certificate
Correct Answer: 12 months
Correct Answer: agricultural income tax
Correct Answer: NABARD
Correct Answer: commercial irrigation projects
Correct Answer: creditors
Correct Answer: reduction in the value of a currency vis-a-vis major internationally traded currencies
Correct Answer: offer commercial banks more credit in the open market
Correct Answer: production of goods
Explanation:
What is Excise Duty? Is it collected by the State Government or the Central Government? How is it different from Sales Tax?
Excise duty is a tax on manufacture or production of goods. Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and is called "State Excise" duty. The Excise duty on rest of goods is called "Central Excise" duty and is collected in terms of Section 3 of the Central Excise Act, 1944.
Sales Tax is different from the Excise duty as former is a tax on the act of sale while the latter is a tax on the act of manufacture or production of goods.
Reference: http://www.cbec.gov.in/faq.htm
Correct Answer: Rs. 50,000 crores
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