ECONOMY MCQS SET 58

ECONOMY MCQS SET 58

571) Which one of the following taxes is not shared by the central government with the states?
A) Union excise duties
B) Customs duty
C) Income tax
D) Estate duty
Answer:  Customs duty
   
572) Which of the following is not a central government tax?
A) Income tax
B) Customs
C) Land revenue
D) Corporation tax
Answer:  Land revenue
   
573) Consider the following statements in relation to the National Investment Fund (NIF):
l. NIF will consist of proceeds from disinvestment of government equity in PSUs.
2. It would be credited to the existing Public Account
3. The Fund will be used to finance selected social sector schemes.
4.The Fund would be used to recapitalize public sector units including public sector banks.
5.It can also be invested as equity in the Metro projects
Select the correct answer from the code given below:
A) 1,2,3,4 and 5
B) 1,3,4 and 5 only
C) 2,3,and 4only
D) 1,2,4 and 5 only
Answer:  1,2,4 and 5 only
   
574) The roadmap for the abolition of Central Sales Tax and introduction of a Goods and Services Tax(GST) indicates a time limit of:
A) 40909
B) yet to be decided
C) 41059
D) 41639
Answer:  yet to be decided

 575) Government of India has not permitted foreign direct investment in which of the following sectors?
A) Defense
B) Multibrand retail trade
C) Petroleum
D) Insurance
Answer:  Multibrand retail trade

576) Under the Buffer Stocking Policy of food grains, the peak storage of food grains to be maintained in the Central Pool by the public agencies will be on:
A) 42826
B) 43009
C) 42917
D) 43070
Answer:  42917
   
577) The Cause for 3 Steep decline in population in India in 1921 census was;
A) first world war
B) influenza
C) famine
D) partition of Bengal
Answer:  influenza
   
578) Amniocentesis is legally banned because:
A) it affects the health of the mother
B) it harms the fetus
C) it causes the spread of AIDS
D) it is used for the purpose of selection of the sex of the fetus
Answer:  it is used for the purpose of selection of the sex of the fetus

579) Private sector cannot be expected to invest in Public goods because;
A) the returns on public goods are not attractive
B) the Problem of non-exclusion
C) cost recovery is not adequate
D) no direct return on investment
Answer:  no direct return on investment
   
580) Central Public Sector Enterprises with good record of performance have been conferred greater autonomy under the Navaratna Scheme. Which of the following is not one of the categories?
A) Maharatna
B) Navratna
C) Microratna
D) Miniratna
Answer:  Microratna