1000 Best Indian Economy MCQs
Q65). States earn maximum revenue through
a).land revenue
b).custom revenue
c).commercial taxes
d).excise duties on intoxicants
Correct Answer:
commercial taxes
Explanation:
Q66). Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are
a).tax sharing
b).grant-in-aids
c).loans
d).All the above
Correct Answer:
All the above
Explanation:
Q67). Debenture holders of a company are its
a).shareholders
b).creditors
c).debtors
d).directors
Correct Answer:
creditors
Explanation:
Q68). Excise duty is a tax levied on the
a).import of goods
b).export of goods
c).production of goods
d).sale of goods
Correct Answer:
production of goods
Explanation:
Q69). In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines
a).to govern entry of new private sector banks to make the banking sector more competitive
b).to reduce the freedom given to banks to rationalize their existing branch network
c).to setup more foreign exchange banks
d).to lend more easily for industrial development
Correct Answer:
to govern entry of new private sector banks to make the banking sector more competitive
Explanation:
Q70). Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
a).Reliance Energy
b).Essar Oil
c).GAIL
d).ONGC
Correct Answer:
Essar Oil
Explanation:
Q71). Non Tax revenues can be increased by improving the working of the
a).State Road Transport Corporations
b).electricity boards
c).commercial irrigation projects
d).All of the above
Correct Answer:
commercial irrigation projects
Explanation:
Q72). Which of the following is not viewed as a national debt?
a).Provident Fund
b).Life Insurance Policies
c).National Saving Certificate
d).Long-term Government Bonds
Correct Answer:
National Saving Certificate
Explanation: