31). Why has the general budget till recently always been presented at 5 o' clock in the evening ?
A). All countries present their budgets at this time |
B). So that there is no time for traders to manipulate the prices |
C). It is a convention of official secrecy |
D). It is a carry-over from times of British rule when the Budget could be discussed in the British Parliament simultaneously |
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32). Which of the following would signify scarcity in economics ?
A). Production of 100 kg of a certain item instead of the targeted 150 kg |
B). Availability of 10 kg of rice against a demand for 15 kg |
C). Availability of post-graduates for jobs of typists |
D). Quantity supplied remains the same when price changes. |
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33). The per capita income has been low in India because :
A). of population growth |
B). of price rise |
C). more people are in rural areas |
D). of regional imbalances |
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34). The rate of growth of the tertiary sector has been :
A). higher than the overall rate of growth of the net domestic product |
B). lower than the overall rate of growth of the net domestic product |
C). same as the overall rate of growth of the net domestic product |
D). fluctuating when compared to growth of the net domestic product |
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35). Since independence, both development and non-development expenditures have increased, the increase in the former being a little more than in the former being a little more than in the other. Non development expenditure involves : 1. interest payment 2. subsidies 3. defence 4. irrigation
A). 1 and 2 |
B). 1 only |
C). 1, 2 and 3 |
D). 2, 3 and 4 |
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36). Which among the following formulates fiscal policy ?
A). RBI |
B). Finance Ministry |
C). SEBI |
D). Planning Commission |
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37). Which among the following is the regulatory authority for giving clearance for External Commercial borrowing ?
A). Foreign Investment Promotion Board |
B). RBI |
C). SEBI |
D). Foreign Investment Promotion Council |
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38). The Zero Base Budgeting in India was first experimented from :
A). April, 1987 |
B). April, 2000 |
C). April, 1991 |
D). None of these |
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39). The prices at which the government purchases food grains for maintaining the public distribution system and for building up buffer stocks are known as :
A). Minimum Support Prices |
B). Procurement Prices |
C). Issue Prices |
D). Ceiling Prices |
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40). Who is the chairman of 12th Finance Commission ?
A). C. Rangarajan |
B). M.N. Vohra |
C). Bimal Jalan |
D). Vijay Kelkar |
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