Indian Fiscal System General Awareness Multiple Choice Questions and Answers | Page-4

31 The main reason for low growth rate in India, inspite of high rate of saving and capital formation is:

32 The situation ‘Liquidity trap’ refers to:

33 The tax whose share in overall taxation revenue has gone up rapidly during the planning period is:

34 The most appropriate measure of a country’s economic growth is the:

35 Value-added tax is:

36 How does the consumer benefit with VAT ?

37 The expenditure expensed immediately is known as:

38 When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean ?

39 Economically developed countries are referred to as:

40 Usually two months advanced grants made by the house to enable the government functions to carry on until the voting of the demands for grants and passing of the General Appropriation Bill is called: