Top 10 General Knowledge | Indian Economy Facts | Part-07
1. Which of the following is not true about indirect tax?
(a) Wealth tax is direct tax.
(b) It is imposed by the central government but collected by the state government and handed over to central govt.
(c) In the budget of 2016-17, income tax collections was more than non tax revenue
(d) In the budget of 2016-17, income tax collection was 14% of total revenue of the central government.
Ans. (b) It is imposed by the central government but collected by the state government and handed over to central govt.
2. Which bank, takes care of agriculture & rural finance?
(a) IDBI
(b) IFC
(c) RBI
(d) NABARD
Ans. (d) NABARD.
3. What is CRR?
(a) The rate at which commercial banks borrow money from the Reserve Bank of India.
(b) The rate at which RBI borrow money from the commercial banks.
(c) It’s a rate at which RBI decides the sale and purchase of capital assets with foreign banks.
(d) It’s a proportion of cash, the commercial banks have to deposit with the RBI.
Ans. (d) It’s a proportion of cash, the commercial banks have to deposit with the RBI.
4. ‘COPRA’ is a …?
(a) Domestic Trade protection measure
(b) Mega city scheme
(c) Consumer protection Act
(d) Credit Rationing Scheme
Ans. (c) Consumer protection Act.
5. Dunkel draft is related to …?
(a) Associated with Uruguay round
(b) Related to atomic treaty among nations
(c) Related to super 301
(d) Related to check drug trade
Ans. (a) Associated with Uruguay round.
6. Appreciation of domestic currency means…?
(a) Value of domestic currency increases
(b) Value of domestic currency decreases
(c) First increases then decreases
(d) First decreases then increases
Ans. (a) Value of domestic currency increases.
7. Who had given the concept of zero based budgeting?
(a) Peter drucker
(b) Peter Pyhrr
(c) Jagdish bhagwati
(d) None of these
Ans. (b) Peter Pyhrr.
8. The main objective of the 12th Five-Year Plan is…?
(a) Inclusive growth and poverty reductions
(b) Inclusive and sustainable growth
(c) Sustainable and inclusive growth to reduce unemployment
(d) Faster, sustainable and more inclusive growth.
Ans: (d) Faster, sustainable and more inclusive growth.
9. ‘ECOMARK’ a symbol is related to …?
(a) Agricultural goods
(b) Manufacturing goods
(c) Goods of best quality
(d) Goods safe for environment
And. (d) Goods safe for environment.
10. What kind of convertibility of currency is permitted in India?
(a) Capital account
(b) Current account
(c) Both a & b
(d) Partial in both a & b
Ans. (c) Both a & b.