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Indian Economy Test 25

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Indian Economy Test 25
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Weekly Quiz Competition
  • Question 1
    1 / -0
    RBI cancelled the certificate of registration of how many Non-Banking Financial Companies (NBFCs)?
  • Question 2
    1 / -0
    Permanent Settlement was introduced to  ___________________.
    Solution
    The Permanent Settlement was an agreement between the East India Company and Bengali landlords to fix revenues to be raised from land, with far-reaching consequences for both agricultural methods and productivity in the entire Empire and the political realities of the Indian countryside.  
  • Question 3
    1 / -0
    Consider the following statements about India and Bermuda region
    1. India and Bermuda have signed a pact top facilitate exchange of information between the two countries regarding tax evasion.
    2. The pact will be called Tax Information Exchange Agreement (TIEA).
    3. The TIEA is according to the guidelines issued by the OECD for countries and destination considered as tax heavens.
    4. The concept of TIEA was developed by the Paris based OECD for promoting international co-operation in tax matters through exchange of information.
    Which of the statements given above is/are correct?  

  • Question 4
    1 / -0
    Which city is hosting the 5th edition of South Asia Region Public Procurement Conference (SARPPC-2018)?
    Solution
    The 5th edition of the South Asia Region Public Procurement Conference (SARPPC-2018) was inaugurated by Arun Jaitley, the Union Minister of Finance and Corporate Affairs, in New Delhi on February 5, 2018. The theme of the conference is Public Procurement and Service Delivery. The purpose of the 3-day Conference was to enable the Heads of Public Procurement and other key stakeholders in the eight South Asian countries to meet and learn from one another and from experts in the field of public procurement. The conference was hosted by Government of India (GOI), through the Public Procurement Division (PPD) of the Ministry of Finance and All India Management Association (AIMA). It is held under the auspices of the South Asia Region Public Procurement Network (SARPPN), which is sponsored and facilitated by the World Bank, Asian Development Bank and Islamic Development Bank.
  • Question 5
    1 / -0
    Choose the correct answer form the alternatives given.
    The Report on Transparency International India released in December 2012 places India at rank among 176 nations on the basis of Corruption Percentage Index. 
    Solution
    India was ranked 94th out of 176 countries in Transparency Internationals 2012 corruption Perception Index (CPI) released on 5 December 2012. In 2011, India was ranked 95 out of 183 countries . Denmark, Switzerland and Finland topped the index with a score of  90 followed by  Sweden which scored 88 points. North Korea , Afghanistan  and Somalia scored a lowly 8, ranking  at the bottom of the Index, In  fact, two -thirds of the 176 nations scored below than 50  points.
  • Question 6
    1 / -0
    Consider the following statements
    1. India is the largest producer and supplier of coir and coir products in the world market.
    2. Sri Lanka is the largest exporter of coir fibre followed by Thailand and India.
    Which of the statements given above is/are correct?
  • Question 7
    1 / -0
    First factor in Fama French three factor model is _____________.
  • Question 8
    1 / -0
    The currency of Bahamas is __________.
  • Question 9
    1 / -0
    The name of Sweden parliament is ____________.
  • Question 10
    1 / -0
    Which one best explains the term India's 'missing taxpayers' which was in news recently?
    Solution
    The term was widely discussed by the Economic Survey 2015-16 (Vol. 1) regarding the income tax compliant standard deduction in the individual income tax.
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