Indian Economy - Mock Test 3

Question 21

Pegging up of a currency means, fixing the value of a currency?

A) at a constant level B) at a lower level C) at a higher level D) leaving it to market forces

---

No Details

Question 22

In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by

A) Finance Minister of India B) Union Finance Commission C) Indian Bank Association D) Reserve Bank of India

---

No Details

Question 23

The majority stake holder in the capital of Regional Rural Banks (RRBs) is

A) Insurance/Mutual Fund Companies B) Central Government C) Sponsor Bank D) State Government

---

No Details

Question 24

Pappu Karki, the popular Kumaoni folk singer has passed away. He was native of which state

A) Jammu&Kashmir B) HimachalPradesh C) Uttarakhand D) Assam

---

No Details

Question 25

Who has been appointed as the new chairman of Central Board of Indirect taxes and Customs ( CBIC )

A) Johnjoseph B) VanajaN.Sarna C) MahenderSingh D) S Ramesh

---

No Details

Question 26

First five year plan of India was based on the:

A) Harrod Domar model B) Mahalanobis model C) Dada Bhai Nauroji model D) J.L. Nehru model

---

No Details

Question 27

When was the first industrial policy of India launched

A) 1956 B) 1948 C) 1951 D) 1965

---

No Details

Question 28

The provisions relating to service tax in India are given in:

A) Chapter V of the Finance Act, 1994 B) Chapter VII and VIII of the Finance Act, 2004 C) The Service tax Act, 1994 D) Chapter V and VA of the Finance Act, 1994

---

No Details

Question 29

Service tax was introduced in India on the recommendation of:

A) Kelkar Committee B) Dr. Raja J Challiah Committee C) Dr. Man Mohan Singh Committee D) Dr. Yashwant Sinha Committee

---

No Details

Question 30

Service tax is applicable to:

A) Whole of India B) Whole of India except Jammu and Kashmir C) Whole of India, except Jammu and Kashmir and Union Territories of Dadra, Nagar Haveli, Daman & Diu D) Whole of India including few part of Jammu & Kashmir

---

No Details