21). The system of Budget was introduced in India during the viceroyalty of :
A). Canning |
B). Dalhousie |
C). Ripon |
D). Elgin |
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22). Of the total revenue of the Union Government, the Indirect Taxes account for nearly :
A). 0.7 |
B). 0.75 |
C). 0.8 |
D). 0.85 |
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23). Temporary tax levied to obtain additional revenue is called :
A). cess |
B). rate |
C). fee |
D). surcharge |
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24). Which of the following is wrongly matched?
A). Cess - a compulsory levy collected by the government for a particular purpose from all persons |
B). Rate - a compulsory levy collected by the government from the beneficent of particular schemes |
C). Corporation tax - levied by corporations for civic amenities |
D). Proportional tax - a tax levied at the sae time at all levels of the base |
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25). The basic attribute of a formal organization is :
A). esteem and prestige |
B). roles and duties |
C). dominance and supremacy |
D). rules and regulations |
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26). If the price of an inferior good falls, its demand :
A). rises |
B). falls |
C). remains constant |
D). can be any of the above |
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27). The existence of a Parallel Economy or Black Money :
A). makes the economy more competitive |
B). makes the monetary policies less effective |
C). ensures a better distribution of income and wealth |
D). ensures increasing productive investment |
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28). Put the main sources of revenue of the Central Government in ascending order of importance: 1. Income tax 2. Corporation tax 3. Customs 4. Excise duties
A). 1, 2, 3, 4 |
B). 3, 2, 4, 1 |
C). 4, 3, 1, 2 |
D). 4, 3, 2, 1 |
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29). The highest sector wise contribution to gross domestic saving comes from :
A). private corporate sector |
B). household sector |
C). public sector |
D). corporative sector |
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30). An amount given by a government agency or even private body to encourage a particular economic activity is a :
A). grant |
B). loan |
C). subsidy |
D). mutual fund |
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