NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 122 of 122)
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- Consider the following statements: The reverse bank of India
- acts as a Bankers ′ Bank
- acts as a controller of capital issues
- issues currency notes of various denominations
- acts as a lender of the last resort for the sick industrial unit
- Which of the above statements are correct?
- 1,2, 3, and 4
- 1,2 and 4
- 2 and 4
- 1 and 3
- Match List with List II and select the correct answer:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Economics MCQs (Practice_Test 122 of 122) List-I List-II - Revenue deficit
- Budget deficit
- Monetised deficit
- Fiscal deficit
- Total expenditure-Revenue receipts
- Net increase in holding of Treasury bill by RBI and its contribution to market borrowings of government
- total expendtiture-total receipts
- Revenue expenditure-Revenue receipts
- A
- B
- C
- D
- 4
- 3
- 1
- 2
- 3
- 4
- 1
- 2
- 3
- 4
- 2
- 1
- 4
- 3
- 2
- 1
- Which one of the following is the exemption limit of personal income tax (for non-corporate assesses) in the budget estimates of 1999 − 2000?
- ₹ 400,000
- ₹ 45,000
- ₹ 50,000
- ₹ 60,000
- Which one of the following ODES NOT come under the jurisdiction of state taxations?
- land revenue
- Taxes on agricultural income
- Taxes on land and building
- Personal income tax
- Which one of the following is the most important source of revenue of state governments in India?
- land revenue
- state excise duties
- sales tax
- Stamps and registration fees
- In respect of which one of the following items, did the Union budget of 1999 − 2000 propose a higher rate of excise duty compared to the previous year՚s budget?
- Kerosene
- Cooking gas
- Colour TV
- Paper and paper board
- The percentage share of states n the net proceeds of In come Tax, as recommended by the Tenth Finance Commission, is
- 66.7
- 75.5
- 81.7
- 77.5
- Assertion (A) : Primary Financial market deals in new financial claims.
- Reason (R) : It mobilises savings and supplies new capital to the business units.
- both A and R are true and R is the correct explanation of A
- Both a and R are true but R is NOT the correct Explanation.
- A is true but R is false
- A is false but R is true
- Assertion (A) : More reliance should be placed on progressive income taxes.
- Reason (R) : It is in accordance with the principles of equity.
- both A and R are true and R is the correct explanation of A
- Both a and R are true but R is NOT the correct Explanation.
- A is true but R is false
- A is false but R is true
- Assertion (A) : The market value of corporate equity is not included in National income.
- Reason (R) : Such valuation of equity is a part of the wealth of the society.
- both A and R are true and R is the correct explanation of A
- Both a and R are true but R is NOT the correct Explanation.
- A is true but R is false
- A is false but R is true
- Under standard assumptions of the neoclassical model of trade. As long as both countries are completely specialized in production of one commodity, international trade will lead to complete factor-price equalizations. Reason (R) : Free trade lead to an increase in the price of the abundant factor, and a decrease in the price of the scarce factor in both countries.
- both A and R are true and R is the correct explanation of A
- Both a and R are true but R is NOT the correct Explanation.
- A is true but R is false
- A is false but R is true
- Assertion (A) : The monetarist approach to the problem of disequilibrium in the balance of payments implies that the disequilibrium is a temporary phenomenon.
- Reason (R) : In the long run, the disequilibrium in the balance of payments is self-correcting.
- both A and R are true and R is the correct explanation of A
- Both a and R are true but R is NOT the correct Explanation.
- A is true but R is false
- A is false but R is true
- Assertion (A) : If in a particular nation, the real interest rate is rising more rapidly than in other nati9ons, then it can expect the international value of its currency to depreciate.
- Reason (R) : If domestic real interest rates are increasing more quickly than those in other countries, supply of foreign currency will increase.
- both A and R are true and R is the correct explanation of A
- Both a and R are true but R is NOT the correct Explanation.
- A is true but R is false
- A is false but R is true
- Depreciation of exchange rate tends to increase the price level. Reason (R) : It is assumed that the Central Bank undertakes no stabilization policies.
- both A and R are true and R is the correct explanation of A
- Both a and R are true but R is NOT the correct Explanation.
- A is true but R is false
- A is false but R is true
- Assertion (A) : In less developed countries, the share of employment in agriculture in total employment exceeds the share of agricultural income in total income.
- Reason (R) : Agriculture in less developed countries is characterized by low productivity
- both A and R are true and R is the correct explanation of A
- Both a and R are true but R is NOT the correct Explanation.
- A is true but R is false
- A is false but R is true