Q. Consider the following items :
1. Cereal grains hulled
2. Chicken eggs cooked.
3. Fish processed and canned
4. Newspapers containing advertising material.
Which of the above items is/ are exempted under GST (Goods and Services Tax) ?
1) 1 only
2) 2 and 3 only
3) 1, 2 and 4 only
4) 1, 2, 3 and 4
Q. Consider the following statements :
1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities.
2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments.
3. Treasury bills offer are issued at a discount from the par value.
Which of the statements given above is/ are correct ?
1) 1 and 2 only
2) 3 only
3) 2 and 3 only
4) 1, 2 and 3
Q. With reference to the governance of public sector banking in India, consider the following statements :
1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade.
2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected.
Which of the statements given above is/ are correct ?
1) 1 only
2) 2 only
3) Both 1 and 2
4) Neither 1 nor 2
Q. Consider the following statements :
1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues.
2. CAR is decided by each individual bank.
Which of the statements given above is/ are correct ?
1) 1 only
2) 2 only
3) Both 1 and 2
4) Neither 1 nor 2
Q. With reference to India's decision to levy an equalization tax of 6% on online advertisement services offered by non-resident entities, which of the following statements is/ are correct ?
1. It is introduced as a part of the Income Tax Act.
2. Non-resident entities that offer advertisement services in India can claim a tax credit in their home country under the "Double Taxation Avoidance Agreements."
Select the correct answer using the code given below :
1) 1 only
2) 2 only
3) Both 1 and 2
4) Neither 1 nor 2
Q. Which one of the following links all the ATMs in India ?
1) Indian Banks Association
2) National Securities Depository Limited
3) National Payments Corporation of India
4) Reserve Bank of India
Q. If a Commodity is provided free to the public by the Government, then -
1) the opportunity cost is zero
2) the opportunity cost is ignored
3) the opportunity cost is transferred from the consumers of the product to the tax-paying public
4) the opportunity cost is transferred from the consumers of the product to the Government
Q. Which one of the following statements correctly describes the meaning of legal tender money ?
1) The money which is tendered in courts of law of defray the fee of legal cases
2) The money which a creditor is under compulsion to accept in settlement of his claims
3) The bank money in the form of cheques, drafts, bills of exchange, etc.
4) The metallic money in circulation in a country
Q. Despite being a high saving economy, capital formation may not result in significant increase in output due to -
1) weak administrative machinery
2) illiteracy
3) high population density
4) high capital-output ratio
Q. Increase in absolute and per capita real GNP do not connote a higher level of economic development, if -
1) industrial output fails to keep pace with agricultural out put
2) agricultural output fails to keep pace with industrial output
3) poverty and unemployment increase
4) imports grow faster than exports
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