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Fiscal System Of India Quiz 1 (25 MCQs)

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1. The tax whose share in overall taxation revenue has gone up rapidly during the planning period is :
2. The RBI uses the following instruments for quantitative central of credit: (i) Cash Reserve Ratio (ii) Bank Rate (iii) Open Market Operations (iv) Margin Requirements Choose your answer from:
3. In gross domestic saving by sector of origin, the four sectors in order of importance are:
4. Which of the following would signify scarcity in economics?
5. The national income of India is estimated mainly through: [CBI 1993]
6. Net factor income from abroad added to GDP gives:
7. Increase in Oil Pool Deficit implies:
8. Since 1951, in India:
9. The highest sector wise contribution to gross domestic saving comes from:
10. In a progressive tax, the following statements holds true:
11. The Central Government had recently allowed additional borrowing limit to the States for current financial year subject to which of the following reform(s)?1. Implementation of One Nation One Ration Card System2. Ease of doing business reform3. Implementation of National Education Policy 2020Select the correct answer using the code given below:
12. On account of some national emergency or in order to carry out some secret mission, the government sometimes requires funds but may not give the details of the expenditure estimates. The House grants some lumpsum for this called :
13. In the short run, a producer continues his production as long as he covers: [Asstt Grade 1992]
14. Which of the following are referred to as the developed economies?
15. A deflator is a technique of: [IAS 1992]
16. The standard of living in a country is represented by its:
17. Development is : [CDS 1999]
18. The system of Budget was introduced in India during the viceroyalty of: [Central Excise 1994]
19. The total value of goods and services, produced' in a country during a given period is [CPO SI 2011]
20. Which is the best measure of economic growth of a country ?
21. Who is the custodian of Contingency Fund of India?
22. The basic attribute of a formal organization is : [CPO AC 2003]
23. Excise Duties are taxes on :
24. Main bearers of the burden of indirect tax are:
25. Which of the following is not a component of revenue receipts of the union government?
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