Tag: social science

Questions Related to social science

To remove inequalities, the Government uses ___________.

social science tax and its importance taxation : need, principles and importance main feature of tax public revenue and taxation

  1. indirect taxes

  2. regressive taxes

  3. progressive taxes

  4. proportional taxes

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Correct Option: C

Which of the following is a progressive tax?

social science tax and its importance taxation : need, principles and importance main feature of tax public revenue and taxation

  1. Income tax

  2. Sales tax

  3. Custom duty

  4. Excise duty

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Correct Option: A

An income tax system is said to be progressive ________________.

social science tax and its importance taxation : need, principles and importance main feature of tax public revenue and taxation

  1. if the rate of increase of the tax liability for a tax paying unit is less than the rate of increase of its income

  2. if the rate of increase of the tax liability for the tax paying unit is greater than the rate of increase of its income

  3. if the rate of increase of the tax liability for tax paying unit is equal to the rate of increase of its income

  4. if the rate of increase of the tax bears a multiplicative relation with rate of increase in income of tax paying unit

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Correct Option: B

What plays an important role in internal trade?

social science trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

  1. Roadways

  2. Railways

  3. Both A & B

  4. None of these

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Correct Option: C
Explanation:

Roadways and railways play an important role in the internal trade. In this type of trade, the national currency is involved to carry on the trade.

The primitive method of trade was known as _____.

social science trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

  1. Karter system

  2. Barter system

  3. Master system

  4. Charter system

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Correct Option: B
Explanation:

The primitive method of trade was known as the barter system where goods were exchanged for goods.

Which currency is used for internal trade?

social science trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

  1. International currency

  2. National currency

  3. World Bank currency

  4. Euro currency

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Correct Option: B
Explanation:

In internal trade, the national currency is used to carry on the trade.

What is called trade?

social science trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

  1. Only buying of commodities

  2. Only selling of commodities

  3. Buying and selling of commodities

  4. None of these

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Correct Option: C
Explanation:

Trade may be defined as "an exchange of goods and commodities either within the country or between countries." In simple terms, buying and selling of commodities is called trade and it may be local, regional, national and international.

What plays an important role in carrying out international trade?

social science trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

  1. Roadways

  2. Railways

  3. Ports and harbours

  4. None of these

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Correct Option: C
Explanation:

Ports and harbours play an important role in international trade.

Manchester of South India is _______.

social science trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

  1. Delhi

  2. Coimbatore

  3. Mumbai

  4. Kolkata

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Correct Option: B
Explanation:

  • Coimbatore is the 2nd largest city in Tamil Nadu, with more than 30,000 small, medium, large and tiny Industries and Textile Mills. 
  • Due to the industrial activity Coimbatore is known as Manchester of South India. The city is also known for its handloom products.

Which type of currencies are used for international trade?

social science trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

  1. National currency

  2. International currency

  3. Multinational currency

  4. None of these

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Correct Option: C
Explanation:

Multinational currencies are used to carry on international trade.