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