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Indian Economy
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Question
The condition of indirect taxes in the country's revenue is approximately
Options
A. 70 percent
B. 75 percent
C. 80 percent
D. 86 percent
Correct Answer
86 percent
Indian Economy problems
Search Results
1. Which of the following is not an undertaking under the administrative control of Ministry of Railways?
Options
A. Container Corporation of India Limited
B. Konkan Railway Corporation Limited
C. Indian Railways Construction Company Limited
D. Diesel Locomotive Works, Varanasi
Show Answer
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Discuss
Correct Answer: Indian Railways Construction Company Limited
2. Gross domestic capital formation is defined as
Options
A. flow of expenditure devoted to increased or maintaining of the capital stock
B. expenditure incurred on physical assets only
C. production exceeding demand
D. net addition to stock after depreciation
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Correct Answer: net addition to stock after depreciation
3. Devaluation of currency leads to
Options
A. fall in domestic prices
B. increase in domestic prices
C. no impact on domestic prices
D. erratic fluctuations in domestic prices
Show Answer
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Correct Answer: increase in domestic prices
4. The co-operative credit societies have a
Options
A. two-tier structure
B. three-tier structure
C. four-tier structure
D. five-tier structure
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Correct Answer: three-tier structure
5. Subsidies mean
Options
A. payment by government for purchase of goods and services
B. payment made by business enterprises to factors of production
C. payment made by companies to shareholders
D. payment made by the government to business enterprises, without buying any goods and services
Show Answer
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Correct Answer: payment made by the government to business enterprises, without buying any goods and services
6. ICICI is the name of a
Options
A. chemical industry
B. bureau
C. corporation
D. financial institution
Show Answer
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Correct Answer: financial institution
7. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
Options
A. increase it
B. decrease it
C. no impact
D. None of the above
Show Answer
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Correct Answer: increase it
8. Deficit financing leads to inflation in general, but it can be checked if
Options
A. government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
B. only aggregate demand is increased
C. all the expenditure is denoted national debt payment only
D. All of the above
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Correct Answer: All of the above
9. On July 12, 1982, the ARDC was merged into
Options
A. RBI
B. NABARD
C. EXIM Bank
D. None of the above
Show Answer
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Correct Answer: NABARD
10. Of the gross tax revenue of the Union Government the indirect taxes account for nearly
Options
A. 70 per cent
B. 75 percent
C. 65 percent
D. 60 percent
Show Answer
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Discuss
Correct Answer: 65 percent
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