Federal Finance System MCQs - Chapter-wise Economics Objective Type Questions with Answers

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To crack any competitive exam like SSC, Railways, Insurance, UPSC, CLAT, Banking, State PSC Exams and other exams it is very important to answer all current affairs questions correctly. Gkseries Updates Current Affairs and Q&A packages in compiled and sorted topic wise to ensure easy accessibility of the information.

Questions

91 Which of the following is an indirect tax?

A Estate Duty

B Wealth Tax

C Excise Duty

D Capital Gains Tax

View Answer Comment

Answer: Option [C]

92 Taxes on professions can be levied by:

A State government only

B Union government only

C Both by state and union government

D By Panchayats only

View Answer Comment

Answer: Option [A]

93 Which one is not a function of money?

A Value measurement

B Price stabilisation

C Store of value

D Transfer of value

View Answer Comment

Answer: Option [B]

94 “Closed Economy” means:

A No provision for public sector

B No provision for private sector

C Economy policy not well defined

D A country having no imports and exports

View Answer Comment

Answer: Option [D]

95 Which of the following subjects does not figure in the Concurrent List of our Constitution?

A Forests

B Trade unions

C Stock Exchanges and futures markets

D Protection of wild animals and birds

View Answer Comment

Answer: Option [C]

96 Debenture holders of a company are its

A Directors

B Debtors

C Creditors

D Shareholders

View Answer Comment

Answer: Option [C]

97 Savings rate is relatively low in developed economies because of

A Welfare programmes

B High interest rate

C Low per capital income

D Liquidity/Borrowing constraint

View Answer Comment

Answer: Option [A]

98 The terms ‘Bull’ and ‘Bear’ are associated with

A Internet Trade

B Stock Market

C Foreign Trade

D Banking

View Answer Comment

Answer: Option [B]

99 Taxes are as certain as the death, because

A Most PSU s are run inefficiently

B Government has its own budget constraints

C Government have no other source of revenue

D They constitute the major source of government revenue

View Answer Comment

Answer: Option [D]

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