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

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]


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