Online GK Series

This site is dedicated to the aspirants of competitive exams SSC, UPSC, Railways, Postal Assistants, Bank, GATE and NET

3,00,000 Jobs Waiting For You

Federal Finance System in India - General Knowledge Multiple Choice Questions and Answers | Page-2

Questions
11 Which among the following statements is not true when there is an increase in interest rate in an economy?
A Increase in saving
B Decrease in loan
C Increase in production cost
D Increase in capital return

Answer: Option [D]
12 How the interest-level of a country is affected by FDI?
A Increases
B Decreases
C Remains unaffected
D There is increase or decrease

Answer: Option [B]
13 Which among the following is not a non-customs duty obstacle in the world trade?
A Quantity restriction
B Restrictions on goods quality
C Determination of import duty uniformly
D Establishment of Standard of labour in manufacturing

Answer: Option [C]
14 Which among the following has the least possibility of globalization?
A Increase in infrastructure
B To manage resources for investment
C Selections of labour force
D Location of capital works

Answer: Option [D]
15 Indirect tax means:
A Tax base is income
B Direct relationship between tax payer and the government
C There is not direct relationship between the tax payer and the government
D The incidence and impact are on the same person on whom tax is imposed

Answer: Option [C]
16 Which one of the following is NOT an example of indirect tax?
A Expenditure tax
B Customs duty
C Excise duty
D Sales tax

Answer: Option [A]
17 The major aim of devaluation is to:
A Encourage imports
B Encourage exports
C Encourage both exports and imports
D Discourage both exports and imports

Answer: Option [B]
18 Interest on public debt is a part of:
A National income
B Interest payments by households
C Transfer payments by the Govt.
D Transfer payments by the enterprises

Answer: Option [C]
19 What is USP in marketing field?
A US Programme based
B Uninterrupted power supply
C Exclusive marketing features
D Universal standards of production

Answer: Option [D]
20 A tax is characterized by horizontal equity if its liability is
A Proportional to the income of tax payers
B The same for every tax payer
C Similar for tax payers in similar circumstances
D Proportional to the expenditure of tax payers

Answer: Option [A]

Chapters

Important EBooks for Competitive Exams

VIEW ALL