Tag: public finance, taxes and budget

Questions Related to public finance, taxes and budget

Expand the term FLCC.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. Financial Literacy and Credit Counselling

  2. Financial Literacy Communication Centre

  3. Financial Literacy Call Centre

  4. Fiscal Literacy and Credit Counselling

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Correct Option: A

In general, the duration of a budget is  _______ months.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. twelve

  2. six

  3. nine

  4. fifteen

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Correct Option: A

Small Enterprise in Manufacturing Sector means an enterprise having original investment in Plant and Machinery not exceeding _______.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. Rs.15 Lakh

  2. Rs.5 crore

  3. Rs.10 crore

  4. Rs.1 crore

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Correct Option: B

Medium Enterprise in Manufacturing Sector means an enterprise having original investment in Plant and Machinery not exceeding ______.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. Rs. 10 crore

  2. Rs. 5 crore

  3. Rs. 100 crore

  4. Rs. 1 crore

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Correct Option: A

What are official reserve transaction balance?

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. International reserves owned by Government or other Government agencies.

  2. International reserves owned by star trading houses

  3. GDR of blue chip companies

  4. Balance held in Swiss Bank A/c

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Correct Option: A

Rajiv Gandhi Equity Saving scheme was announced in ____.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. 2011

  2. 2012

  3. 2013

  4. 2010

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Correct Option: B
Explanation:

Rajiv Gandhi Equity Saving scheme was announced in 2012 as a part of the Union budget and aimed at retail investors. 

Micro Enterprise in Manufacturing Sector means an enterprise having original investment in Plant and Machinery not exceeding _______.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. Rs.25 Lakh

  2. Rs. 5 crore

  3. Rs. 10 crore

  4. Rs. 1 crore

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Correct Option: A

Full convertibility of Rupee on Trade A/c was declared in _______.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. 1992-93

  2. 1989-90

  3. 1999-2000

  4. 1993-94

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Correct Option: D

The National income is identified as?

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. Y=C+I

  2. X-M = Y+I+K

  3. I=s

  4. Y = C + I + G + X M

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Correct Option: D

 Three sources of demand for domestic goods include?

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. Y=s+I+M

  2. Y=c+I+G

  3. Y=G+I+K

  4. Y=X+M-G

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Correct Option: B