ECONOMY MCQS SET 71

ECONOMY MCQS SET 71

701) Fiscal policy is connected with
A) issue of currency
B) exports and imports
C) public revenue and expenditure
D) None of these
Answer:  public revenue and expenditure
   
702) Excise duties are taxes on
A) sale of commodities
B) export of commodities
C) production of commodities
D) import of commodities
Answer:  production of commodities
   
703) MODVAT relates to rationalisation of tax structure in
A) Sales tax
B) Income tax
C) Excise duty
D) Gift tax
Answer:  Excise duty
   
704) Fiscal Policy is concerned with
A) Public revenue
B) Public expenditure and debt
C) Bank rate policy
D) Both (a) and (b)
Answer:  Both (a) and (b)
   
705) Devaluation means
A) converting rupees into gold
B) lowering of the value of one currency in comparison of some foreign currency
C) making rupee dearer in comparison to some foreign currency
D) none of these
Answer:  lowering of the value of one currency in comparison of some foreign currency

706) Monetary Policy Is regulated by
A) money lenders
B) Central bank
C) Private entrepreneurs
D) Government policy
Answer:  Central bank
   
707) A crossed cheque is one, which can be encashed only
A) by the drawee
B) through a bank
C) at the State Bank of India
D) after it has been transferred to another person
Answer:  through a bank
   
708) Who among the following is most benefitted from inflation?
A) Government pensioners
B) Creditors
C) Savings Bank Account holders
D) Debtors
Answer:  Debtors

709) The Banker of the Banks is
A) IDBI
B) SBI
C) RBI
D) SBI and RBI
Answer:  RBI
   
710) Largest Public Sector Bank in India is
A) Central Bank
B) State Bank of India
C) Punjab National Bank
D) Indian Overseas Bank
Answer:  State Bank of India