Indian Economy Questions

Q:

Under GST regime, in ‘Composition Scheme’, taxpayers have to fill returns ______.

A) Monthly B) Half-yearly
C) Quarterly D) Bi-Monthly
 
Answer & Explanation Answer: C) Quarterly

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1390
Q:

Fixed Foreign Exchange Rate can be changed by

A) RBI B) SEBI
C) Ministry of Finance D) FIPB
 
Answer & Explanation Answer: A) RBI

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy

0 1389
Q:

A 'Market Economy' is one which

A) is controlled by the Government B) is free from the Government control
C) in influenced by international market forces D) All of these
 
Answer & Explanation Answer: B) is free from the Government control

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1387
Q:

Which of the following is not true regard to Goods and Services Tax (GST) ?

A) It will replace luxury tax B) It is a direct tax
C) It will replace multiple taxes on a product or service D) It is an indirect tax
 
Answer & Explanation Answer: B) It is a direct tax

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1384
Q:

When there is only one buyer and one seller of product, it is called _____ situation.

A) Public monopoly B) Bilateral monopoly
C) Franchised monopoly D) Monopsony
 
Answer & Explanation Answer: B) Bilateral monopoly

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1382
Q:

Open Market Operations refer to __________

A) Borrowings by Scheduled banks from RBI B) Lending by Commercial banks to industry
C) Purchase and sale of Government securities by RBI D) Deposit mobilisation
 
Answer & Explanation Answer: C) Purchase and sale of Government securities by RBI

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy

0 1381
Q:

This tax is entirely borne by the entity it is levied upon and cannot be passed.

A) Direct tax B) Indirect tax
C) Straight tax D) Advance tax
 
Answer & Explanation Answer: A) Direct tax

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1381
Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: A) Perfect Competition

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1379