Indian Economy Test 48

Result

Indian Economy Test 48

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Weekly Quiz Competition

Question 1
1 / -0

Consider the following statements about the Indian Postal Services of the Indian Postal System?
1. The first-class mails are airlift without any surcharge.
2. Second-class mail such as book pockets, registered newspapers and periodicals are carried by surface transport.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 2
1 / -0

Which one of the following is refer to the use of taxation, public expenditure and the management of public debt in order to achieve certain specified objectives ?

A
Fiscal Policy

B
Trade Policy

C
Revenue Policy

D
None of these
Question 3
1 / -0

The existence of Parallel economy/black money ____________.

A
makes the economy more competitive

B
makes the monetary policies less effective

C
ensure a better distribution of income and wealth

D
ensure increasing productive investment

Solution

Black money is a socioeconomic evil. The existence of rapidly growing black money in our economy has grave and disastrous consequences. The existence Black money lead to the creation of a parallel economy. It also makes the monetary policies less effective as the government cannot account properly account for the money which is not formally included in the system.
Question 4
1 / -0

Consider the following statements
1. Miniratna Public Sector Enterprises can be a joint venture, set subsidiary company or overseas office but with certain conditions.
2. Till now less than 50 Public Sector Enterprises have been given Miniratna Status by the Indian Government.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 5
1 / -0

Consider the following statements
1. The acquisition of overseas oil and gas has been primarily spearheaded by Indian Oil Corporation Limited (IOCL).
2. Gujarat State Petroleum Corporation (GSPC), a Government of Gujarat enterprise has also acquired overseas hydrocarbon-bearing assets.
Which of the statements given above is/are correct?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 6
1 / -0

Consider the following statements
1. The custom duty is imposed on the commodities produced in India.
2. In the last few years, the importance of the custom duty in the revenue receipts of the Central Government is declined.
Which of the statements given above is/are correct ?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 7
1 / -0

Consider the following taxes
1) Corporation tax 2) Customs duty
3) Excise duty 4) Wealth tax
Which of the statements given above is/are indirect taxes ?

A
Only 1

B
2 and 4

C
1 and 3

D
2 and 3
Question 8
1 / -0

Consider the following statements
In India stamp duties on financial transactions are
1. Levied and collected by the State Government .
2. Appropriated by the Union Government.
Which of Me statements given above is/are correct ?

A
Only 1

B
Only 2

C
Both 1 and 2

D
Neither 1 nor 2
Question 9
1 / -0

In the context of governance, consider the following
1. Encouraging foreign direct investment inflows.
2. Privatisation of higher educational institution.
3. Down-sizing of bureaucracy.
4. Selling/offloalding the shares of public sector undertakings.
Which of the above can be used as measures to control the fiscal deficit in India ?

A
1, 2 and 3

B
2, 3 and 4

C
1, 2 and 4

D
2 and 3
Question 10
1 / -0

Which one of the following taxes in India is imposed by the Central Government on the basis of the ability to pay Principle?

A
Wealth tax

B
Gift tax

C
Corporate tax

D
Income tax

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Question Analysis

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Re-Attempt Weekly Quiz Competition

Indian Economy Test 48

Result

Indian Economy Test 48

Score

-

Rank

-

SHARING IS CARING

Question 1

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 2

Fiscal Policy

Trade Policy

Revenue Policy

None of these

Question 3

makes the economy more competitive

makes the monetary policies less effective

ensure a better distribution of income and wealth

ensure increasing productive investment

Solution

Question 4

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 5

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 6

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 7

Only 1

2 and 4

1 and 3

2 and 3

Question 8

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Question 9

1, 2 and 3

2, 3 and 4

1, 2 and 4

2 and 3

Question 10

Wealth tax

Gift tax

Corporate tax

Income tax

User

Question Analysis

My Perfomance

Score

-

Rank

-

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