In recent years, the capital outlays for the defence service have been
1.increasing steadily
2.going down steeply
3.more or less constant
4.fluctuating frequently
After European Union which another group of countries have come forward for adopting common currency?
1.OPEC
2.Gulf Countries
3.SAARC
4.ASEAN
Among Indian economists who had done pioneering work on national income?
1.Professor Sheroi
2.VKRV Rao
3.Jagdish Bhagwati
4.PN Dhar
An advalorem duty is a tax on the basis of
1.the price of a commodity
2.the unit of a commodity
3.the advertisement expenditure
4.the value added
Banking Ombudsman is appointed by
1.Government of India
2.State Government
3.RBI
4.ECGC
Companies pay corporation tax on their
1.investments
2.incomes
3.production
4.sales proceeds
Economic growth is usually coupled with
1.deflation
2.inflation
3.stagflation
4.hyper inflation
How many industries have been reserved for government sector at present?
1.3
2.4
3.5
4.6
If saving exceeds investment, the national income will
1.fall
2.fluctuate
3.remain constant
4.rise
In the short run, a producer continues his production as long he covers
1.variable cost
2.fixed cost
3.average cost
4.marginal cost
In which of the following years, India switched over to decimal currencies?
1.1955
2.1957
3.1950
4.1956
�Dear Money Policy implies
1.high price level
2.large money supply
3.high production
4.high interest rates
�Excies duties are taxes on
1.sale of commodities
2.import of commodities
3.export of�commodities
4.production of�commodities
�If the price of an inferior good falls, its demand
1.rises
2.falls
3.remains constant
4.can be any of these
�National income in India is complied by
1.Central Statistical Organistion
2.Indian Statistical Institute
3.Finance Commission
4.NDC
�Temporary tax levied to obtain additional revenue is called
1.cess
2.rate
3.fee
4.surcharge
�The basic attribute of a formal organisation is
1.esteem and prestige
2.roles and duties
3.dominance and supremacy
4.rules and regulation
�Which of the following is an indirect tax?
1.Corporation tax
2.Capital gains tax
3.Excise duty
4.Income tax
Joint SAARC University of eight SAARC nations will established in
1.New Delhi
2.Male
3.Colombo
4.Dhaka
Mistry Committee in its final report had recommended full capital account convertibility by
1.2008 end
2.2009 end
3.2010 end
4.2011 end
Most important source of capital formation in India has been
1.household savings
2.public sector savings
3.government revenue surplusrs
4.corporate savings
Narsimham Committee recommendations are regarding which sector?
1.Banking
2.Industries
3.Rural
4.Service
One of the problems in calculating the national India correctly is
1.under employment
2.inflation
3.non-nonetised consumption
4.low saving
Special Drawing Rights (SDRs) relate to
1.the World Bank
2.the Reserve Bank of India
3.the World Trade Organization
4.the international Monetary Fund
The first estimate of national income in India was made by
1.VKRV Rao
2.Mahalanobis
3.Professor Sheroi
4.Dadabhai Naoroji
The Fiscal Policy of India is formulated by
1.RBI
2.SEBI
3.Finance Ministry
4.Planning and regulations
The Goods and Services tax (GST) proposed to be introduced, covers taxes like
1.Trade/Sale Tax
2.service tax
3.service, excise
4.excise, service, VAT
The minimum effect of direct taxes is on
1.food price
2.consumer goods
3.capital goods
4.income
The modal agency for implementing the "Rural Infrastructure Development Fund Programmes" is
1.NABARD
2.State Co-operative Bank
3.RBI
4.SBI
The new Share Price Index (in dollar value) of Mumbai share market is
1.DOLEX
2.UREX
3.FOREX
4.SENSAX
The number of approved share markets in India is
1.24
2.20
3.19
4.23
The per capita income has been low in India because
1.more people are in rural area
2.of population growth
3.of regional imbalances
4.of price rise
Visible and invisible items of debit and credit are the part of
1.import-export policy
2.balance of payment
3.balance of trade
4.annual budget
When was disinvestment started in public enterprises?
1.1990-91
2.1991-92
3.1992-93
4.1956
Which committee recommended abolition of tax rebates under Section 88?
1.Chelliah Committee
2.Kelkar Committee
3.Shome Committee
4.None of these
Which is the most industrially advanced state in India?
1.Maharashtra
2.Punjab
3.Gujarat
4.Tamil Nadu
Which of the following is not a method of estimating national income?
1.Income method
2.Value-added method
3.Expenditure method
4.Export-import method
Which of the following is not a Nuclear Power Centre
1.Narora
2.Kakrapara
3.Chamera
4.Kota
Which of the following taxes is collected by Panchayat?
1.Sales tax
2.Custom duty
3.Land revenue
4.Tax on local fairs
Which of the following taxes is not levied by the Union Government?
1.Wealth tax
2.Profession tax
3.Excise duty
4.Income tax
Which one of the following is a retail banking product?
1.Home loans
2.Working capital finance
3.Corporate term loans
4.Infrastructure financing
Which one of the following is the most important of non-plan expenditure?
1.Interest payment
2.Fertiliser subsidies
3.Loans to public enterprises
4.Defence
Which one the following forms the largest share of deficit of Government of India Budget?
1.Primary deficit
2.Budgetary deficit
3.Fiscal deficit
4.Revenue deficit
Who was the Chairman of National Income Committee?
1.PC Mahaanobis
2.VKRV Rao
3.AM Khusro
4.DR Gadgil
_________ was the first complete Commercial Bank of India.
1.Oudh Commercial Bank
2.Dena Bank
3.Imperial Bank
4.Presidency Bank