Consider the following statements and select the correct one/ones, using the code given below:
Damodar Valley Corporation is the first planned watershed management in India at the regional level - India's first experiment in the area of river basin management
The Corporation depends on the thermal and gas power stations for power.
Which of the following best describes the term 'high street banking'?
Select the incorrect statement/statements regarding the state of full convertibility of the rupee in the current account:
Foreign currency is made available by the government at official rate of exchange for all the purposes of visible and invisible imports.
foreign investment in the Indian share market though an issue of capital account avails full convertility as is the case in the current account.
Listed companies prefer the debenture route for raising long-term capital than borrowing from banks as-
Select the correct statements related to the proposed GST in India, using the code given below:
It will have no cascading effect on the prices of the commodities unlike the VAT.
It will have internal arrangement which will check and control the evasion of indirect and direct taxes by the tax payers.
This will be a 'pro-poor' tax system without being 'anti-rich'.
Select the incorrect statement/statements regarding the 'proportional taxation' prevalent in modern economies of the world, using the code given below:
This is one of the four methods of taxation used by the economies.
This is generally used as a complementary method with the prime mode being either
'progressive' or 'regressive'.
To discourage economic activities in volatile sectors, at times, this is used as an independent method of taxation.
Consider the following statements: India continues to be dependent on imports to meet the requirement of oilseeds in the country because-
farmers prefer growing foodgrains which have highly remunerative support prices announced by the GoI.
rain-dependent oilseed production is highly risky.
there is an organised market for it which is cheaper too making imports easier than producing them. Select the correct ones using the code given below:
Which of the following items would not appear in a company's balance sheet?
Select the incorrect pairs out of the following, using the code given below:
Financing deficit-RBI subscribes the primary issue of the G-Sec
Primary deficit-fiscal deficit inclusive of the interest liabilities in a year
Monetized deficit-RBI's supported part of the fiscal deficit
Fiscal deficit-government spending beyond means
Select the incorrect pair out of the given pairs:
Select the correct statement about the Gross Domestic Capital Formation (GDCF):
The exchange rate of a currency in its forex market depends on:
its current account deficit and the fiscal deficit
the currency regime economy follows for exchange determination
inflation, printing of fresh currencies, levels of forex earnings
If RBI cuts down the Cash Reserve Ratio it will have the following impact on the economy. Select the correct one/ones using the code given below.
Banks will have higher leverage to liquidity.
Economy may see increased investment.
Supply of currency in the economy may broaden.
Select the correct one/ones if all banks in an economy are nationalised and converted into a monopoly bank:
Deposits will decrease in the new bank
Deposits will increase in the new bqnk
There will be no effect on either saving rate or lending
Select the correct ones from the given list of the statements about the Indian Council of Arbitration (ICA), using the code given below:
This is a guarantee institution of the Department of Commerce.
Promoting knowledge and use of arbitration for smooth flow of trade is its main objective.
Registered as a non-profit organisation, situated in Mumbai.
Which of the following is correct about the term 'monetary neutrality' which has been in the news since the western economies have been hit by a severe recession?
Select the factors responsible for a surplus in the current account of an economy, using the code given below:
Its exports are compulsory imports for other economies.
It imports low-technology items and exports high-technology items.
It has huge domestic market.
What is correct about the corporation tax in India? Select the correct one/ones using the code given below: -
This is a tax of corporation which is collected by the Centre but is fully handed over to the concerned states.
A direct tax on income of the Indian and foreign firms operating in India collected and appropriated by the Centre.
Appreciation of the rupee will have the following effects on the economy. Select the answer using the code given below:
Oil marketing companies will gain.
Volume of exports will shrink and imports will rise.
Rate of inflation will fall.
The idea of the 'currency convertibility' as it is used by the economies today originated in which of the following?
Select the correct statements about the term 'hidden price rise', using the code given below:
1A quantitative or qualitative decrease in the product with no price change.
Increase in wages of salaried class followed by an increase in the direct tax rates.
Increase in the indirect taxes with no increase in the price tags of goods and services
Select the statement which defines the term 'insurance penetration' correctly:
Deficit financing leads to inflation in general, but it can be checked if-
Which of the following best describes the term 'population trap'?
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