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- Question
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
- Correct Answer
- 65 percent
- 1. On July 12, 1982, the ARDC was merged into
Options- A. RBI
- B. NABARD
- C. EXIM Bank
- D. None of the above Discuss
- 2. 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 Discuss
- 3. 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 Discuss
- 4. ICICI is the name of a
Options- A. chemical industry
- B. bureau
- C. corporation
- D. financial institution Discuss
- 5. 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 Discuss
- 6. In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines
Options- A. to govern entry of new private sector banks to make the banking sector more competitive
- B. to reduce the freedom given to banks to rationalize their existing branch network
- C. to setup more foreign exchange banks
- D. to lend more easily for industrial development Discuss
- 7. Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
- interest payments
- subsidies
- defence
- irrigation
Options- A. I, II
- B. I
- C. I, II, III
- D. II, III, IV Discuss
- 8. Devaluation of currency will be more beneficial if
Options- A. prices of domestic goods remain constant
- B. prices of exports remain constant
- C. prices of imports remains constant
- D. prices of exports rise proportionately Discuss
- 9. In India, inflation measured by the
Options- A. Wholesale Price Index number
- B. Consumers Price Index for urban non-manual workers
- C. Consumers Price Index for agricultural workers
- D. National Income Deflation Discuss
- 10. Which of the following is not a part of machinery that settles industrial disputes?
Options- A. Wage Court
- B. Works Committee
- C. Conciliation officers
- D. Board of Conciliation Discuss
Indian Economy problems
Search Results
Correct Answer: NABARD
Correct Answer: All of the above
Correct Answer: increase it
Correct Answer: financial institution
Correct Answer: 86 percent
Correct Answer: to govern entry of new private sector banks to make the banking sector more competitive
Correct Answer: I, II, III
Correct Answer: prices of exports remain constant
Correct Answer: Wholesale Price Index number
Explanation:
Two major measures for inflation, which are widely used, are Wholesale Price Index (WPI) and Consumer Price Index (CPI). WPI measures the increase in the prices of a fixed basket of goods prevailing in the wholesale market while CPI measures the increase in the prices of essential commodities purchased by an average consumer prevailing in the retail market. Measured weekly, WPI is the primary inflation measure in India.
Correct Answer: Wage Court
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