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- Question
Deficit financing means that the government borrows money from the
Options- A. RBI
- B. local bodies
- C. big businessmen
- D. IMF
- Correct Answer
- RBI
- 1. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
Options- A. will decrease
- B. will increase
- C. will neither increase nor decrease
- D. None of the above Discuss
- 2. Resurgent India Bonds were issued in US dollar, Pound Sterling and
Options- A. Japanese Yen
- B. Deutsche Mark
- C. Euro
- D. French Franc Discuss
- 3. 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
- 4. 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
- 5. 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
- 6. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
Options- A. 1000 rupee
- B. 500 rupee
- C. 100 rupee
- D. All of the above Discuss
- 7. One of the reasons for India's occupational structure remaining more or less the same over the years has been that
Options- A. investment pattern has been directed towards capital intensive industries
- B. productivity in agriculture has been high enough to induce people to stay with agriculture
- C. ceiling on land holdings have enabled more people to own land and hence their preference to stay with agriculture
- D. people are largely unaware of the significance of transition from agriculture to industry for economic development Discuss
- 8. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
Options- A. Reliance Energy
- B. Essar Oil
- C. GAIL
- D. ONGC Discuss
- 9. The central banking functions in India are performed by the
- Central Bank of India
- Reserve Bank of India
- State Bank of India
- Punjab National Bank
Options- A. I, II
- B. II
- C. I
- D. II, III Discuss
- 10. Redistribution polices geared to reduce economic inequalities include
Options- A. progressive tax policies
- B. land reforms
- C. rural development policies
- D. All the above Discuss
Indian Economy problems
Search Results
Correct Answer: will neither increase nor decrease
Correct Answer: Deutsche Mark
Correct Answer: Rs. 50,000 crores
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: offer commercial banks more credit in the open market
Correct Answer: All of the above
Correct Answer: investment pattern has been directed towards capital intensive industries
Correct Answer: Essar Oil
Correct Answer: II
Correct Answer: All the above
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