Question 1 :
Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are
Question 2 :
Debenture holders of a company are its
Question 3 :
Excise duty is a tax levied on the
What is Excise Duty? Is it collected by the State Government or the Central Government? How is it different from Sales Tax?
Excise duty is a tax on manufacture or production of goods. Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and is called "State Excise" duty. The Excise duty on rest of goods is called "Central Excise" duty and is collected in terms of Section 3 of the Central Excise Act, 1944.
Sales Tax is different from the Excise duty as former is a tax on the act of sale while the latter is a tax on the act of manufacture or production of goods.
Question 4 :
In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines
Question 5 :
Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
Question 6 :
Non Tax revenues can be increased by improving the working of the
Question 7 :
Which of the following is not viewed as a national debt?
Question 8 :
The condition of indirect taxes in the country's revenue is approximately
Question 9 :
Deficit financing means that the government borrows money from the
Question 10 :
Revenue of the state governments are raised from the following sources, except
Question 11 :
Since the inception of the co-operative movement, rural credits has been
Question 12 :
If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
Question 13 :
The co-operative credit societies have a
Question 14 :
Regional rural banks
have limited area of operation
have free access to liberal refinance facilities from NABARD
are required to lend only to weaker sections
Question 15 :
The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
Question 16 :
The current price index (base 1960) is nearly 330. This means that
Question 17 :
Notes on which denomination has the portrait of Mahatma Gandhi printed on them?
Question 18 :
Devaluation of currency will be more beneficial if
Question 19 :
Of the gross tax revenue of the Union Government the indirect taxes account for nearly
Question 20 :
The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called
Question 21 :
Reserve Bank of India was nationalized in the year
RBI established in 1935 and nationalized in 1949.
Question 22 :
In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this?
A large number of farmers are illiterate and know little about scientific agriculture
Prices of primary products are lower than those of manufactured products
Investment in agriculture has been low when compared to investment in industry
Question 23 :
National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year
Question 24 :
If the fiscal deficit of the Union Government is Rs. 75,000 crores relending to State is Rs. 25,000 crores, interest payments are Rs. 25,000 crores, what is the amount of the primary deficit?
Question 25 :
Fiscal deficit in the Union Budget means