Indian Economy - Mock Test 18

Question 171

Indian Economy is ?

A) Socialistic Economy B) Mixed Economy C) Gandhian Economy D) Free Economy

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Question 172

Who is the father of Economics ?

A) Max Muller B) Karl Marx C) Adam Smith D) None of these above

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Question 173

Revenue of the state governments are raised from the following sources, except?

A) entertainment tax B) expenditure tax C) agricultural income tax D) land revenue

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Question 174

Deficit financing means that the government borrows money from the?

A) RBI B) local bodies C) big businessmen D) IMF

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Question 175

The condition of indirect taxes in the country's revenue is approximately?

A) 70 percent B) 75 percent C) 80 percent D) 86 percent

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Question 176

Which of the following is not viewed as a national debt?

A) Provident Fund B) Life Insurance Policies C) National Saving Certificate D) Long-term Government Bonds

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Question 177

Non Tax revenues can be increased by improving the working of the?

A) State Road Transport Corporations B) electricity boards C) commercial irrigation projects D) All of the above

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Question 178

Excise duty is a tax levied on the?

A) import of goods B) export of goods C) production of goods D) sale of goods

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Question 179

Debenture holders of a company are its?

A) shareholders B) creditors C) debtors D) directors

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Question 180

Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are 1⃣ tax sharing 2⃣ grant?

A) tax sharing B) grant-in-aids C) loans D) All the above

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