Which one of the following is not a direct tax?
Wealth Tax
Professional Tax
Income Tax
Sales Tax
When customs duty is levied according to the value of goods, it is called:
Revenue duty
Excise duty
Specific duty
Ad valorem duty
Deficit financing creates additional paper currency to fill the gap between expenditure and revenue. This device aims at economic development. But if it fails, it generates:
Deflation
Demonetization
Devaluation
Inflation
Elasticity of demand indicates:
Change in quantity demanded
Rate of change in quantity demanded
Change in income
Change in prices
When demand is inelastic, and increase in the price of a commodity would cause the total expenditure of the consumers to:
Increase
Decrease
Remain unchanged
First increase then decrease
Goodwill is a:
Washing asset
Intangible
Fictitious asset
Current asset
Which Asian country had received the highest foreign direct investment in the year 1996?
India
China
Singapore
Hong Kong
Which is the most labour intensive amongst the following?
Iron and Steel
Cotton Textiles
Petroleum
Automobiles
Per capital income is maximum with:
Static population
Over population
Under population
Optimum population
/
A, B and C
A and C
B and C
None of these
Laissez faire means:
Active intervention
Sound commercial affairs
Non-interference by the State in the direction of economic affairs
Non-interference by the State in law and order
Limited liability means
The number of shares in the company is strictly limited
Shareholder is only liable for the debts of the company to the extend of the unpaid value of his shares
All shareholders have the same liability for the company’s debts.
Shareholders in only liable for the debts of the company limited to the profits.
According to the figures release by Central Statistical Organisation, India’s GDP for the year 1995-96 grew by:
4 - 1%
7 - 1%
3 - 1%
10 - 1%
Abid Hussain Committee, whose recommendations were recently reviewed, was for:
Small scale industry
Telecommunication
Railway
Capital Market
Which of the following is NOT in the infrastructure sector?
Power Generation
National highways
Food production
Railways
Pick the odd one out from the following:
NSE
BSE
DSE
SEBI
CRISIL rating ‘AAA’ indicates:
High safety of a long-term debt
Highest safety of a medium-term debt
Highest safety of a short-term debt
Highest safety of a long-term debt
Stagflation is used to describe:
Inflation with growth
Inflation with recession
Deflation with growth
Deflation with recession
In which year was the India Brand Equity Fund established?
1992
1998
1995
1996
Which of the following items would not appear in a company’s balance sheet?
Total issued capital
Cash held at the Bank
Value of raw material stock
Revenue from sales
A tax that takes away a higher proportion of one’s income as the income rises is termed as:
Progressive tax
Proportional tax
Regressive tax
Indirect tax
Which of the following is a direct tax?
Entertainment Tax
Estate Duty
Excise Duty
Sales Tax
Which of the following is not a Central Government tax?
Income-tax
Customs
Land Revenue
Corporation Tax
Of which of the following items, there is no significant export from India?
Readymade Garments
Wool
Footwear
Silk Apparel
Which of the following is an indirect tax
Customs
Corporation Tax
Wealth Tax
Gift Tax
Which country ranks the first in per capital spending on defence?
U.S.A.
Saudi Arabia
U.A.E.
France
One-rupee note bears the signature of the:
Governor of Reserve Bank of India
Finance Minister
Secretary, Ministry of Finance
President of India
Unit Trust of India’s headquarters is located at:
Mumbai
Chennai
Calcutta
New Delhi
Which of the following is not a financial institution?
ICICI
LIC
IDBI
IIPA
National Income is the:
Net national product at market at market price
Net national product at factor cost
Net domestic product at market price
Net domestic product at factor cost
‘India Brand Equity Fund’ was established in the year?
1992
1998
1995
1996