Bank - General Awareness - Economy

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Question - 1

The main source of revenue for a State Government in India is

  • A Sales tax
  • B Excise duty
  • C Income tax
  • D Property tax

Question - 2

To achieve high rates of growth of national output, the economy has to

  • A reduce the rate of growth of population
  • B borrow foreign capital
  • C step up the rate of savings
  • D Increase the rate of investment and reduce the capital output ratio

Question - 3

The proceeds of income tax go to

  • A Central Government
  • B State Government
  • C Centre and States
  • D Corporation authorities

Question - 4

What is the extent of change of the literacy rate envisaged by the end of the Xth FGive Year Plan?

  • A From 65% to 75%
  • B From 70% to 70%
  • C From 50% to 55%
  • D From 45% to 50%

Question - 5

What has been the order of India's important during the last three years?

  • A US $30 billion
  • B US $40 billion
  • C US $50 billion
  • D US $60 billion

Question - 6

What is the purpose of the India Brand Equity Fund?

  • A To promote in-bound tourism
  • B to make 'Made in India' a label of quality
  • C To organise trade fairs
  • D To provide venture capital to IT sector

Question - 7

Which of the following Mahatma Gandhi seires of currency notes issued by the RBI has a drawing of the 'Parliament House' depicted on it?

  • A Rs.500
  • B Rs.100
  • C Rs.50
  • D Rs.10

Question - 8

What are "Open Market Operations"?

  • A Activities of SEBI registered brokers
  • B Selling of currency by the RBI
  • C Selling of gilt-edged securities by the Government
  • D Sale of shares by FIIs

Question - 9

Why did the Government ban the import of "Terminator seeds"?

  • A To contain a virus which can destroy local crops
  • B these seeds are injurious to human and animal health
  • C These seeds contain genetically engineered properties to prevent further multiplication
  • D These seeds multiply at very slow rates

Question - 10

How does the consumer benefit with VAT?

  • A It removes tax on tax and thus reduces prise-rise
  • B Reduces the cost of production
  • C With the abolition of the sales tax
  • D Due to the exemption of small businesses from the tax within certain limits prescribed by the State.