introduction to indian economy section 10 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - EXERCISES]
introduction to indian economy section 1
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introduction to indian economy section 9
introduction to indian economy section 10
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introduction to indian economy section 14
Question : 26 [SSC CML 2000]
Distribution of food rains operates under a two tier system with the introduction of
a) The Service Cooperatives
b) The Consumers Cooperatives
c) The Cooperative Marketing Societies
d) Targetted Public Distribution System
Answer »Answer: (d)
The Targeted Public Distribution System (TPDS) replaced the erstwhile PDS from June 1997. Under the new system a two tier subsidized pricing system was introduced to benefit the poor.
Question : 27
The Ministry of Corporate Affairs has notified the Corporate Social Responsibility (CSR) rules and they would come into effect from April 1. Under the new laws that govern companies, spending on CSR or social welfare activities is mandatory for certain classes of firms. They are required to shell out at least 2 per cent of their three-year average annual profit towards such works. Which of the following firms classify under the new law to make CSR spend?
- Companies having a net worth of at least Rs. 750 crore
- Companies having a minimum turnover of Rs. 500 crore
- Companies with at least a net profit of RS. 5 crore
a) (i), (ii) & (iii)
b) Only (iii)
c) (i) & (ii)
d) (i) & (iii)
Answer »Answer: (b)
Companies having a net worth of at least Rs. 500 crore or having a minimum turnover of Rs. 1,000 crore or those with at least net profit of Rs. 5 crores, have to make CSR spend.
Question : 28
Which of the following is the characteristic of progressive tax?
- Marginal tax rate should be increasing.
- Marginal tax rates should be more than average tax rate.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
A progressive tax is a tax in which the tax rate increases as the taxable base amount increases Regarding progressive tax, marginal tax rate should be increasing and it should be more than average tax rate.
Question : 30 [SSC CML 2006]
Regional Rural Banks are sponsored by
a) Government of India
b) Reserve Bank of India
c) State Bank of India
d) Nationalised Commercial Bank
Answer »Answer: (d)
The Narasimham committee conceptualized the foundation of regional rural banks in India. Five regional rural banks were set up on October 2, 1975. There were five commercial banks, viz.
Punjab National Bank, State Bank of India, Syndicate Bank, United Bank of India and United Commercial Bank, which sponsored the regional rural banks.
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Introduction to Indian Economy Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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