Economic and Banking Questions and Answers

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Q41
VAT is imposed-
  • A Directly on consumer
  • B On final stage of production
  • C On first stage of production
  • D On all stages between production and final sale
Answer: Option D
Q42
The newly appointed person as Chairman of CBDT is-
  • A S. Sridhar
  • B S. S. N. Moorti
  • C Rajiv Chandrashekhar
  • D Venugopal Dhoot
Answer: Option B
Q43
Kutir Jyoti scheme is associated with-
  • A Promoting cottage industry in villages
  • B Promoting employment among rural unemployed youth
  • C Providing electricity to rural families living below the poverty line
  • D All of these
Answer: Option C
Q44
Novelis has been acquired and merged with-
  • A Tata Steels
  • B SAIL
  • C HINDALCO
  • D Jindal Steels
Answer: Option C
Q45
OTCEI is-
  • A Atomic Submarine of China
  • B Economic Policy of USA
  • C An Indian Share Market
  • D A Defence Research Organisation
Answer: Option C
Q46
Foreign Trade Policy 2009-10 document fixes the export target for 2009-10 as-
  • A $ 140 billion
  • B $ 175 billion
  • C $ 150 billion
  • D $ 200 billion
Answer: Option D
Q47
Gross Budgetary Support (GBS) for 2008–09 as per document of 11th plan stands at Rs. 2,28,725 crore but in budget proposals for 2008–09 it was raised to-
  • A Rs. 2,23,386 crore
  • B Rs. 2,43,386 crore
  • C Rs. 2,63,386 crore
  • D Rs. 28,456 crore
Answer: Option B
Q48
The base year of Industrial Production Index is being shifted from 1993-94 to-
  • A 2004-05
  • B 1999
  • C 2000-01
  • D 1999-2000
Answer: Option D
Q49
In Interim Budget proposals for 2009–10, which of the following gives 22% contribution in revenue collection of union government ?
  • A Income Tax
  • B Excise
  • C Corporation Tax
  • D Non-tax Revenue
Answer: Option C
Q50
The base year of present Consumer Price Index (CPI) for Urban Non-Manual Employees (CPI-UNME) is-
  • A 1980-81
  • B 1981-82
  • C 1982-83
  • D 1984-85
Answer: Option D

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