Q.51)-The tax levied on gross sales revenue from buisness transactions is called-
- Turnover Tax
- Sales Tax
- Capital Gains Tax
- CorporationTax
Q.52)-Interest paid by the government on the loans raised is called-
- Debt Servicing
- Deficit Financing
- Discounted Budgeting
- Bridge-loan
Q.53)-Custom Duty is an instrument of-
- Monetary Policy
- Foreign Trade
- Industrial Policy
- Fiscal Policy
Q.54)-Value added means value of-
- Output at factor cost
- Output at market prices
- Goods and services less depreciation
- Goods and services less cost of intermediate goods and services
Q.55)-Which of the following is an indirect tax?
- Capital Gains Tax
- Excise Duty
- Wealth Tax
- Estate Duty
Q.56)-Taxes on professions can be levied by:
- State Government only
- Both by state and union government
- By panchayats only
- Union Government only
Q.57)-A part of National Debt known as External Debt is the amount-
- Borrowed by its citizens from abroad
- Lent by its citizens to forign governments
- Borrowed by its government from abroad
- Lent by its government to forign government
Q.58)-The npn-expenditure costs which arise when the producing firm itself owns and supplies certain factors of production are-
- Explicit costs
- Original costs
- Implicit costs
- Replacement costs
Q.59)-Taxes are as certain as the death, because-
- They constitute the major source of government revenue
- Government have no other source of revenue
- Most PSUs are run inefficiently
- Government has its own budget constraints
Q.60)-Which among the following is not a non-customs duty obstacle the world trade?
- Quantity restriction
- Establishment of Standard
- Determination of import duty uniformly
- Restrictions on goods quality