Competitive Exams: Economics MCQs (Practice-Test 86 of 122)

  1. In which one of the following groups of taxes, do impact and incidence of tax coincide?

    1. Income tax and corporation tax

    2. Income tax and excise duties

    3. Corporation tax and custom duties

    4. Excise duties and sales tax

  2. The concept of optional taxation, based on whatever criteria, has to cover decisionmaking at which of the following levels?

    1. The aggregate amount of taxations and its division between direct and indirect taxations.

    2. The composition and rate schedules of direct and indirect taxes.

    3. The composition and revenue schedules of indirect taxes.

    4. The composition and revenue schedules of direct taxes.

    Select the correct answer by using the code given below:

    1. 1 and 4

    2. 1 and 3

    3. 1 and 2

    4. 2, 3 and 4

  3. According to Colin Clark, what is the optimum limit of taxable capacity?

    1. 20 percent of National Income

    2. 25 percent of National Income

    3. 30 percent of National Income

    4. 35 percent of National Income

  4. Which one of the following is not the Canon of taxation as stated by Adam Smith?

    1. Canon of equality

    2. Canon of certainty

    3. Canon of convenience

    4. Canon of productivity

  5. In the total deployment of gross bank credit, which one of the following sectors had the maximum share as in March, 2006?

    1. Agriculture and allied activities

    2. Services

    3. Personal loan

    4. Trade

  6. As per use-based classification, which one of the following sectors had recorded highest growth in the year 2005 − 06?

    1. Basic goods

    2. Capital goods

    3. Consumer goods

    4. Intermediate goods

  7. In which one of the following years, the National Food Processing Policy was formulated?

    1. 2003

    2. 2004

    3. 2605

    4. 2006

  8. Consider the following statements Accelerated Irrigation Benefit Programme (AIBP) was modified in the year 2004 to provide

    1. the central assistance in the form of 70 percent loan and 30 percent grant for non-special category states.

    2. the central assistance in the form of 10 percent loan and 90 percent grant for special category states.

    3. the central assistance in the form of conversion of the loan to grant if projects are completed on schedule.

    Which of the statements given above is/are correct?

    1. 1 only

    2. 1 and 3

    3. 2 and 3

    4. 1, 2 and 3

  9. The Command Area Development Programme (CADP) has been renamed as which one of the following?

    1. Command Area Development and Water Management Programme

    2. Command Area Development and Forest Conservation Programme

    3. Command Area Development and Pollution Control Programme

    4. None of the above

  10. Which one of the following states had the highest per capita SDP (at current prices) during 2003 − 04 on the basis of Economic Survey 2005 − 06?

    1. Haryana

    2. Maharashtra

    3. Punjab

    4. Gujarat

  11. Approach paper to 11th five year plan, issued by the Planning Commission refers to die merger of which one of the following pairs of government programmes?

    1. Sarva Shiksha Abhiyan with Mid-day Meal Programme

    2. Jawahar Rojgar Yojana with Mid-day Meal Programme

    3. Sarva Shiksha Abhiyan with National Rural Employment Guarantee Programme

    4. Shram Shakti Yojana with Jawahar

    Rojgar Yojana

  12. Consider the following sectors

    1. Electrical Equipments

    2. Service Sector

    3. Food Processing Industries

    4. Metallurgical Industries

    Which one of the following is the correct sequence in ascending order in terms of their share in attracting FDI inflows in

    India?

    1. 4 − 3 − 2 − 1

    2. 1 − 2 − 3 − 4

    3. 2 − 1 − 3 − 4

    4. 1 − 2 − 4 − 3

  13. Consider the following statements in respect of the Tenth Plan

    1. This plan has specific monitorable targets in respect of poverty.

    2. Decline in incremental capital-output ratio is to be achieved through creating new capacities.

    Which of the statements given above is/are correct?

    1. 1 only

    2. 2 only

    3. Both 1 and 2

    4. Neither 1 nor 2

  14. In which of the following years, was the highest growth of general index of industrial production in India registered?

    1. 2001 − 02

    2. 2002 − 03

    3. 2003 − 04

    4. 2004 − 05

  15. Growth rate in NNP at factor cost (at constant prices) has been highest during which Five-Year Plan?

    1. Ninth Plan

    2. Eighth Plan

    3. Seventh Plan

    4. Fifth Plan