NATURE OF INDIAN ECONOMY MCQS SET 23

NATURE OF INDIAN ECONOMY MCQS SET 23

221) Which of the following taxes is a progressive tax?
A) sales tax
B) custom tax
C) excise tax
D) income tax
Correct Answer: income tax
   
222) During which Five Year Plan was the annual growth rate of National Income the lowest?
A) Second plan
B) Third plan
C) Fifth plan
D) Sixth plan
Correct Answer: Third plan
   
223) Chelliah Committee of 1992 deals with the overhauling of our:
A) financial system
B) tax system
C) patents and copyrights
D) public sector undertakings
Correct Answer: tax system
   
224) National income is the:
A) net national product at market price
B) net national product at factor cost
C) net domestic product at market price
D) net domestic product at factor cost
Correct Answer: net domestic product at market price
   
225) What is Net National Product?
A) The money value of final goods and services produced annually in the economy
B) The money value of annual service generation in the economy
C) The money value of tangible goods produced annually in the economy
D) The money value of tangible goods available in the economy
Correct Answer: The money value of final goods and services produced annually in the economy

226) Which of the following programmes aims at the promotion of savings among rural women?
A) Rashtriya Mahia Kosh
B) Indira Mahila Yoiana
C) Jawahar Rozgar Yojana
D) Mahila Samridhi Yojana
Correct Answer: Mahila Samridhi Yojana
   
227) In India, rural incomes are generally lower than the urban incomes, which of the following
reasons account for this?
I. A large number of farmers are illiterate and know little about scientific agriculture
II. Prices of primary products are lower than those of manufactured products
III. Investment in agriculture has been low when compared to investment in industry
A) I, III
B) II, III
C) I, ll
D) I, II, III
Correct Answer: I, II, III   
 
228) Devaluation of a currency means
A) Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
B) Reduction in the value of a currency vis-a-vis major internationally traded currencies
C) Fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
D) Permitting the currency to seek its worth in the international market
Correct Answer: Reduction in the value of a currency vis-a-vis major internationally traded currencies
   
229) 'Kurukshetra' a journal on rural development is published by:
A) Ministry of Finance
B) Ministry of Information and Broadcasting
C) Ministry of Rural Development
D) Planning Commission
Correct Answer: Ministry of Information and Broadcasting
   
230) 'Yojana' a weekly journal:
A) Ministry of Finance
B) Ministry of Information and Broadcasting
C) Ministry of Rural Development
D) Ministry of Commerce
Correct Answer: Ministry of Information and Broadcasting