Current Affairs 2021 PDF

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.

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Federal Finance System in India - General Knowledge Multiple Choice Questions and Answers | Page-3

Questions
21 What does a Leasing Company provide?
A Office accommodation on hire
B Machinery and capital equipment on hire
C Technical consultancy and experts for a fee
D Legal guidance in establishing an enterprise

Answer: Option [B]
22 Buoyancy of a tax is defined as
A Increase in tax revenue/increase in tax base
B Increase in tax revenue/percentage increase in tax coverage
C Percentage increase in tax revenue /increase in tax coverage
D Percentage increase in tax revenue/percentage increase in tax base

Answer: Option [A]
23 Economic rent refers to:
A Payment made for the use of capital
B Payment made for the use of labour
C Payment made for the use of land
D Payment made for the use of Organization

Answer: Option [C]
24 The existence of a Parallel Economy or Black Money
A Makes the monetary policies less effective
B Makes the economy more competitive
C Ensures increasing productive investment
D Ensures a better distribution of income and wealth

Answer: Option [A]
25 The incidence of sales tax falls on
A Producers
B Retail dealers
C Wholesale dealers
D Consumers

Answer: Option [D]
26 Equilibrium is a condition that can
A Change only if government policies change
B Change only if some internal factor changes
C Change only if some outside factor changes
D Never change

Answer: Option [B]
27 What are the main components of basic social infrastructure of an economy?
A Industry, Trade and Transport
B Transport, Health and Banks
C Education, Industry and Agriculture
D Education, Health and Civil amenities

Answer: Option [D]
28 Which one of the following taxes is collected and utilized by the State Government?
A Custom duties
B Land revenue
C Corporation tax
D Personal Income tax

Answer: Option [B]
29 Investment is equal to
A Stock of plants, machines and equipment
B Gross total of all types of physical capital assets
C Gross total of all capital assets minus wear and tear
D None of these

Answer: Option [C]
30 Deficit financing is an instrument of
A Tax policy
B Credit policy
C Fiscal policy
D Monetary policy

Answer: Option [C]

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