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Q:

Many time we read in financial newspaper about the performance of the Core Sector in Economy. Which of the following is NOT included in the core sector of the same

A) Coal B) Cement
C) Steel D) Auto Sector

Answer:   D) Auto Sector



Explanation:
Subject: Indian Economy
Q:

Is CST applicable on freight charges?

Answer

CST is not payable on outward freight (if charged separately) and outward insurance if property in goods passes to buyer at the time of despatch.


 


It means that Sale price does not include Freight charges will not attract CST when shown separately in they Invoice. But goods & freight show in one invoice CST will attractive.

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Q:

Which property classification would include tools?

Answer

Durable property classification would include tools. 


Nonexpendable property is property which has a continuing use, is not consumed in use, is of a durable nature with an expected service life of one or more years, has an acquisition cost of $300 or more, and does not become a fixture or lose its identity as a component of other equipment or plant.

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Subject: Indian Economy Exam Prep: AIEEE , Bank Exams , CAT
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Q:

The largest proportion of federal revenues comes from

A) borrowing B) excise taxes
C) social insurance taxes D) personal income taxes
 
Answer & Explanation Answer: D) personal income taxes

Explanation:

The largest proportion of federal revenues comes from personal income taxes. Almost half of all federal revenue (47 percent) comes from individual income taxes.

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1 92
Q:

Which action is an example of domestic policy?

A) The Supreme Court strikes down a law that bans importing inefficient automobiles B) A governor decides against running for a second term
C) The president negotiates a peace treaty between two warring nations D) Congress passes a law that grants tax credits for installing solar panels
 
Answer & Explanation Answer: A) The Supreme Court strikes down a law that bans importing inefficient automobiles

Explanation:

Domestic policy is an area of public policy which concerns laws, government programs, and administrative decisions which are directly related to all issues and activity within a nation's borders.

It differs from foreign policy, which refers to the ways a government advances its interests in world politics.

 

Hence, Option A, The Supreme Court strikes down a law that bans importing inefficient automobiles is an example of domestic policy action.

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1 79
Q:

Open market operation is a part of

A) Debit Policy B) Deposit Policy
C) Credit Policy D) None of above
 
Answer & Explanation Answer: C) Credit Policy

Explanation:

Open market operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.

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1 113
Q:

What is the basic objective of monetary policy?

Answer

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.


The basic objective of monetary policy is to assist the economy in achieving a full-employment, noninflationary level of total output.


Cause-effect chain: Changes in the money supply affect interest rates, which affect investment spending and therefore aggregate demand.

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Q:

IPR stands for

A) Intellectual Property Rights B) International Property Rights
C) International Postgraduate Research D) Indian Property Rights
 
Answer & Explanation Answer: A) Intellectual Property Rights

Explanation:

IPR's stands for Intellectual Property Rights. Intellectual property is the product of the human intellect including creativity concepts, inventions, industrial models, trademarks, songs, literature, symbols, names, brands,....etc.

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0 77
Q:

Who propounded the Market law?

A) J. B. Say B) T. R. Malthus
C) Adam Smith D) David Ricardo
 
Answer & Explanation Answer: A) J. B. Say

Explanation:
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