1000 Best Indian Economy MCQs
Q257). Gilt-edged market means
a).bullion market
b).market of government securities
c).market of guns
d).market of pure metals
Correct Answer:
market of government securities
Explanation:
Q258). The annual yield from which of the following Union Government taxes is the highest?
a).Custom duties
b).Corporation tax and income tax
c).Inheritance tax, wealth tax, interest tax and gift tax
d).Excise duties
Correct Answer:
Excise duties
Explanation:
Q259). Which of the following is not a part of machinery that settles industrial disputes?
a).Wage Court
b).Works Committee
c).Conciliation officers
d).Board of Conciliation
Correct Answer:
Wage Court
Explanation:
Q260). In India, which one among the following formulates the fiscal policy?
a).Planning Commission
b).Ministry of Finance
c).Finance Commission
d).The Reserve Bank of India
Correct Answer:
Ministry of Finance
Explanation:
Q261). If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
a).increase it
b).decrease it
c).no impact
d).None of the above
Correct Answer:
increase it
Explanation:
Q262). Revenue of the state governments are raised from the following sources, except
a).entertainment tax
b).expenditure tax
c).agricultural income tax
d).land revenue
Correct Answer:
agricultural income tax
Explanation:
Q263). Reserve Bank of India was nationalized in the year
a).1935
b).1945
c).1949
d).1969
Correct Answer:
1949
Explanation:
Q264). India changed over to the decimal system of coinage in
a).34790
b).20911
c).21276
d).21641
Correct Answer:
20911
Explanation: