General knowledge:: Indian Economy

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Exercise

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21 

Resurgent India Bonds were issued in US dollar, Pound Sterling and

A. Japanese Yen B. Deutsche Mark
C. Euro D. French Franc

22 

National expenditure includes

A. consumption expenditure B. investment expenditure
C. government expenditure D. All of the above

23 

Subsidies mean

A. payment by government for purchase of goods and services B. payment made by business enterprises to factors of production
C. payment made by companies to shareholders D. payment made by the government to business enterprises, without buying any goods and services

24 

The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

A. 15 to 20 percent B. 20 to 25 percent
C. 25 to 30 percent D. 30 to 35 percent

25 

The annual yield from which of the following Union Government taxes is the highest?

A. Custom duties B. Corporation tax and income tax
C. Inheritance tax, wealth tax, interest tax and gift tax D. Excise duties

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