NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 36 of 122)
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- Consider the following statements: Regional neural banks in India
- are required to assist the wreaker ′ s sections ′ are to help the small and marginal farmers only
- Have free access to liberal financial assistance from NABARD
- have free access to liberal financial assistance from NABARD
- have a limited area of operation
- Of these statements
- 1,3 and 4 are correct
- 2 alone is correct
- 2 and 3 are correct
- 1 and 4 are correct
- Which of the following pairs are correctly matched?
- Match Item 1: Treasury Bills
- Match Item 2: RBI
- Match Item 1: Interest Rate
- Match Item 2: Discount and finance House of India
- Match Item 1: Call money a rate
- Match Item 2: Commercial banks
- Match Item 1: Prudential norms
- Match Item 2: RIB
- Select the correct answer using the codes given below:
- Codes:
- 1,2, 3 and 4
- 2 and 4
- 1,2 and 3
- 1,3 and 4
- Codes:
- it is generally believed that a rise in the tax rate would normally lead to a rise in the revenue. But there is also a view the reduced rates on income tax would lead to a significant rise in income tax revenue. This later view has been attributed to
- Arthur Laffer
- Robert Lucas
- Heerbert Simon
- J B Say
- After allowing for states share of taxation which one of the following tax revenues brings in the largest amount of revenue to the Central Government?
- Corporation tax
- Income tax
- custom duties
- Union excise duties
- match List I with List II and select the correct answer using the codes given below the lists:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Economics MCQs (Practice_Test 36 of 122) List-I List-II - Service tax
- Stamp duty
- Property tax
- Sales tax
- Central government
- State government
- both
- none
- A
- B
- C
- D
- 1
- 2
- 2
- 3
- 1
- 2
- 3
- 2
- 1
- 1
- 2
- 3
- 3
- 1
- 1
- 2
- Short-term measure focused under the new economy policy is
- correcting the disequilibrium in foreign exchange market
- reforms in financial and capital market
- Trade and industrial reforms
- Technological up-gradation of production facilities in different fields
- The tenth finance Commission has recommended that the states share of total income tax collection may be kept at
- 755
- 77.5%
- 80%
- 85%
- As per the recommendations of the finance Commission, besides income tax, the net proceeds of which of the following tax (ex) is/are to be shared between the Centre and the states?
- Additional duties of excise
- Wealth tax on agricultural properties
- Union Excise Duties
- Select the correct answer using the codes given below:
- Codes:
- 1,2 and 3
- 3 alone
- 1 and 2
- 2 and 3
- Codes:
- Population of India for different years is set out in the following table:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Economics MCQs (Practice_Test 36 of 122) Year Year 1951 Year 1961 Year 1971 Year 1981 Year 1991 Population (in crores) 36.1 43.9 54.8 68.5 84.6 - Which of the following inference (s) can be drawn from above data?
- The trend confirms the Malthusian theory of above data?
- There has been a population explosion in India in 1991.
- There has been a fall in the population growth rate in 1981 − 91.
- Select the correct answer using the codes given below:
- Codes:
- 1,2 and 3
- 1 and 3
- 1 and 2
- 3 alone
- Which of the following inference (s) can be drawn from above data?
- Assertion (A) : Bihar is an economically backward state even though has vast natural resources.
- Reason (R) : As per the 1991 census, the rate of growth of population in Bihar is much higher than the rate of growth of population of India as a whole.
- Both A and R are true and R is the correct explanation of A
- Both A and R are true but R is NOT a correct explanation of A
- a is true but r is false
- A is false but R is true
- Assertion (A) : Removal of poverty remains a central concern of planning in India.
- Reason (R) : Development is not just about factories, dams and roads. It is basically about people.
- Both A and R are true and R is the correct explanation of A
- Both A and R are true but R is NOT a correct explanation of A
- a is true but r is false
- A is false but R is true
- Assertion (A) : Industrial a development strategy in India is faced with the choice of scale, size and intensity of factor use.
- Reason (R) : Factor imbalances and resource flows are not favourable to sustainable industrial development in
- India.
- Both A and R are true and R is the correct explanation of A
- Both A and R are true but R is NOT a correct explanation of A
- a is true but r is false
- A is false but R is true
- Assertion (A) : In India, the traditional small scale industries have greater employment potential than the modern small scale industries.
- Reason (R) : The value of capital per worker in traditional small scale industries is smaller than the value of capital per worker in the modern small scale industries.
- Both A and R are true and R is the correct explanation of A
- Both A and R are true but R is NOT a correct explanation of A
- a is true but r is false
- A is false but R is true
- Assertion (A) : The public sector enterprises in India have not shown promising results.
- Reason (R) : Profit maximisation is not their sole objective.
- Both A and R are true and R is the correct explanation of A
- Both A and R are true but R is NOT a correct explanation of A
- a is true but r is false
- A is false but R is true
- Assertion (A) : Indian agriculture still absorbs a major.
- Reason (R) : Employment elasticity of agricultural production is high.
- Both A and R are true and R is the correct explanation of A
- Both A and R are true but R is NOT a correct explanation of A
- a is true but r is false
- A is false but R is true