Q: In Income Tax, Assessee is :

A: a person who pays income tax

B: a person who deducts income tax from its employees

C: a person who prepares income tax Return of tax payers

D: None of these



a person who pays income tax


Q: A closed economy is an economy in which:

A: the money supply is fully controlled

B: deficit financing takes place

C: only exports take place

D: Neither exports nor imports take place.



Neither exports nor imports take place.


Q: Where is the headquarter of State Bank of India (SBI) situated ?

A: Delhi

B: Mumbai

C: Pune

D: Srinagar



Mumbai


Q: Fiscal Deficit is:

A: Government expenditure minus borrowings

B: Government expenditure minus revenue receipts

C: Same as budget deficit

D: Budget deficit minus borrowings and other liabilities



Government expenditure minus revenue receipts


Q: Which of the following is not the part of non-statutory welfare measure ?

A: Health

B: Education

C: Transport

D: Employees compensation



Transport


Q: Who wrote the book Planned Economy for India?

A: Jawaharlal Nehru

B: Indira Gandhi

C: M. Visvesvaraya

D: Mahatma Gandhi



M. Visvesvaraya


Q: GST abolishes which of the following taxes ?

A: Corporation tax

B: Service tax

C: Income tax

D: Wealth tax



Service tax


Q: 'Economic Survey' is published by:

A: The Ministry of Finance

B: The Planning Commission

C: The Government of India

D: The Central Statistical Organization



The Ministry of Finance


Q: National Development Council was set up in:

A: 1950

B: 1951

C: 1952

D: 1954



1952


Q: In order to control inflationary price rise, Reserve Bank directs Banks to

A: Reduce rate of interest on credit

B: Reduce Statutory Liquidity Ratio (SLR)

C: Increase Cash Reserve Ratio (CRR)

D: Buy bonds from capital market



Increase Cash Reserve Ratio (CRR)
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