Multiple Choice Questions

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In India which of the following taxes is levied by the State governments?

  • Excise duty on liquor

  • Capital gains tax

  • Customs tax

  • Customs tax


A.

Excise duty on liquor

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The most important function of an interest group is to

  • form the government

  • alter government policies to its liking

  • build up public opinion

  • build up public opinion

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India's population growth is characterized by

  • An increase in rate of death

  • An increase in the ratio of females

  • An increase in the birth rate and declining death rate

  • An increase in the birth rate and declining death rate

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Commercial banks lend to which of the following Priority sectors?

  • Heavy Industries

  • Agriculture, Small scale industries

  • Foreign Companies

  • Foreign Companies

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What is the accounting year of the Reserve Bank of India?

  • April - March

  • July-June

  • October-September

  • October-September

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The major objective of monetary policy is to

  • increase government's tax revenue

  • revamp the Public Distribution System

  • promote economic growth with price stability

  • promote economic growth with price stability

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Credit Rationing in India is done by

  • RBI

  • SBI

  • LIC

  • LIC

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What will you call a system of taxation under which the poorer sections are taxed at higher rates than the richer sections?

  • Progressive tax

  • Proportional tax

  • Regressive tax

  • Regressive tax

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Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?

  • Demand is elastic

  • Demand is inelastic

  • The product can be differentiated

  • The product can be differentiated

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Banks earn interest on

  • Deposits

  • Loans

  • Demand Drafts

  • Demand Drafts

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