Economics MCQ Questions and Answers

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Q11
Which State of the following has not yet adopted VAT (Value Added Tax) ?
  • A Tamil Nadu
  • B Uttar Pradesh
  • C Gujarat
  • D None of the above
Answer: Option D
Q12
Service Tax revenue collection for 2008–09 (Budget estimates) was proposed at-
  • A Rs. 64,460 crore
  • B Rs. 52,603 crore
  • C Rs. 50,200 crore
  • D Rs. 74,460 crore
Answer: Option A
Q13
NABARD was established on the recommendation of-
  • A Public Account Committee
  • B Shivaraman Committee
  • C Narsimham Committee
  • D None of these
Answer: Option B
Q14
Sampurna Gramin Rojgar Yojana was launched on-
  • A 1st April, 2001
  • B 25th Sept., 2001
  • C 30th Sept., 2001
  • D No scheme of such title has yet launched
Answer: Option B
Q15
Which company is providing mobile service with name ‘Cell One’ to the consumers ?
  • A MTNL
  • B BSNL
  • C Reliance Infocom
  • D Bharti Tele
Answer: Option B
Q16
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
Q17
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
Q18
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
Q19
Novelis has been acquired and merged with-
  • A Tata Steels
  • B SAIL
  • C HINDALCO
  • D Jindal Steels
Answer: Option C
Q20
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

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