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Fiscal System Of India Quiz 6 (24 MCQs)

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1. National income calculated at current prices in India has shown a tendency to rise at a faster rate than national income at constant prices. This is because:
2. Which of the following is the basis for determining the national income?
3. Which of the following is correct regarding the Gross Domestic Saving In India? [Asstt Grade 1992]
4. The measure of a worker's real wage is : [CPO SI 2002]
5. Buyer's market denotes the place where:
6. An individual's actual standard of living can be assessed by [SSC Grad 2011]
7. Which of the following is not required while computing Gross National Product (GNP)? [Asstt Grade 1992]
8. Fiscal policy in India is formulated by _____
9. The Zero Base Budgeting in India was first experimented from:
10. Which of the following is not true about 'vote-on-account'? [Bank PO 1991]
11. An amount given by a government agency or even private body to encourage a particular economic activity is a :
12. What is the main source of revenue to meet different expenditures?
13. Value-added tax is :
14. A tax that takes away a higher proportion of one's income as the income rises is termed as [I. Tax & Central Excise 1990]
15. Gross National Income is always more than Net National Income because it includes:
16. In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years? [IAS 2010]
17. Math the following: [CDS 1999] List I List II A. Income Tax 1. Levied and collected by the Central Government B. Corporation 2. Levied and collected Tax by the Central Government and shared with the State Governments C. Professional 3. Levied by the Central Tax Government but collected and appropriated by the State Governments D. Stamp Duties 4. Levied and collected by the State Governments 5. Levied and collected by the local bodies A B C D
18. What is a fiscal deficit? [Punjab & Sindh Bank 2011]
19. The sum total of incomes received for the services of labour, land or capital in a country is called:
20. The 'gilt-edged' market deals in : [UP PCS 2002]
21. The main reason for low growth rate in India, inspite of high rate of savings and capital formation is: [IAS 1995]
22. CENVAT is associated with:
23. Deficit financing is spending:
24. In economic terms, which of the following factors determine the 'Individual's demand' of a product/commodity? [RBI Grade B Officer 2011] A. Price of a commodity B. Income of the individual C. Utility and quality of a commodity
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