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

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

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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

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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

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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

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Answer: Option [C]

96 Debenture holders of a company are its

A Directors

B Debtors

C Creditors

D Shareholders

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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

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Answer: Option [A]

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

A Internet Trade

B Stock Market

C Foreign Trade

D Banking

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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]

Federal Finance System in India - General Knowledge Multiple Choice Questions and Answers | Page-10

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