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- Question
The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
Options- A. 1984
- B. 1986
- C. 1987
- D. 1989
- Correct Answer
- 1987
- 1. The annual yield from which of the following Union Government taxes is the highest?
Options- A. Custom duties
- B. Corporation tax and income tax
- C. Inheritance tax, wealth tax, interest tax and gift tax
- D. Excise duties Discuss
- 2. On which one of the followings is the benefits received principle of taxation to achieve optimality bases?
Options- A. Marginal benefit received
- B. Total benefit received
- C. Average benefit received
- D. Ability to pay for the benefit Discuss
- 3. Regional rural banks
- have limited area of operation
- have free access to liberal refinance facilities from NABARD
- are required to lend only to weaker sections
Options- A. I, III
- B. II, III
- C. I, II, III
- D. I, II Discuss
- 4. 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
- 5. 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
- 6. States earn maximum revenue through
Options- A. land revenue
- B. custom revenue
- C. commercial taxes
- D. excise duties on intoxicants Discuss
- 7. Paper currency first started in India in
Options- A. 1861
- B. 1542
- C. 1601
- D. 1880 Discuss
- 8. How many banks were nationalized in 1969?
Options- A. 16
- B. 14
- C. 15
- D. 20 Discuss
- 9. The apex body for formulating plans and coordinating research work in agriculture and allied fields is
Options- A. State Trading Corporation
- B. Regional Rural Banks
- C. National Bank for Agriculture and Rural Development (NABARD)
- D. Indian Council of Agricultural Research Discuss
- 10. The current price index (base 1960) is nearly 330. This means that
Options- A. all items cost 3-3 times more than what they did in 1960
- B. the prices of certain selected items have gone up to 3-3 times
- C. weighted means of prices of certain item has increased 3-3 times
- D. gold price has gone up 3-3 times Discuss
Indian Economy problems
Search Results
Correct Answer: Excise duties
Correct Answer: Ability to pay for the benefit
Correct Answer: I, II
Correct Answer: All the above
Correct Answer: II
Correct Answer: commercial taxes
Correct Answer: 1861
Correct Answer: 14
Correct Answer: Indian Council of Agricultural Research
Correct Answer: weighted means of prices of certain item has increased 3-3 times
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