INDIAN ECONOMY TEST - 10-Indian Economy-Quiz

Civil Services Exams-INDIAN ECONOMY TEST - 10

Q 11.
Which of the following is most effective in immediately affecting the liquidity situation of the banking system?

a.)
Repo
b.)
Statutory liquidity ratio (SLR)
c.)
Cash reserve ratio (CRR)
d.)
Marginal standing facility (MSF)

Q 12.
Consider the following items: Foreign currency asset

Gold

SDRs

Reserve tranche position with the IMF

Of these, foreign exchange reserve with the RBI consists of:

a.)
1 and 2
b.)
1,2,3 and 4
c.)
1,2 and 3
d.)
2 and 3

Q 13.
Which of the following statement is not correct about corporate income tax in India?

1. Both foreign and domestic companies have the same tax rate

2. Minimum alternative tax rate is lower than the basic corporate income tax rate

3. There is concessional tax rate for new investment at present

4. Cess and surcharge are applicable for corporate income tax

Codes:

a.)
1, 2, 3 and 4
b.)
1, 2 and 3
c.)
2 and 4
d.)
2, 3 and 4

Q 14.
From the national income accounting angle, domestic product is that produced by:

a.)
Nationals within the domestic territory
b.)
Foreign entities within the domestic territory
c.)
Both the nationals and the foreign entities within the domestic territory
d.)
Nationals anywhere in the world

Q 15.
Which of the following can be a feature of countercyclical fiscal policy during slowdown?

a.)
Balanced budget
b.)
Surplus budget
c.)
Lower yield on government securities
d.)
Higher expenditure than receipts

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