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Indian economy quiz 13

Indian economy quiz 13

The economy of India is characterised as a middle income developing market economy. It is the world\\\'s sixth-largest economy by nominal GDP and the third-largest by purchasing power parity. According to the International Monetary Fund, on a per capita income basis, India ranked 145th by GDP and 122th by GDP.

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Quiz Questions And Answers

Taxation and the government's expenditure policy are dealt under the

Fiscal policy
Trade Policy

Real national income denotes

net factor income
national income at current prices
national income at constant prices

India's first private telephone service was launched in 1998 at

New Delhi

Which of the following is not an indirect tax?

Entertainment tax
Customs duties
Land revenue

The Budget deficit means

difference between all receipts and all the expenditure
fiscal deficit less interest payments
the excess of total expenditure including loans net of lending over revenue receipts

Moral Suasion and Statutory Liquidity Ratio (SLR) are instruments of

Monetary Policy
Trade Policy
Fiscal Policy

The system of value added taxation is applicable to

estate duty
taxes on agricultural income
excise duties

The National Stock Exchange functions from

New Delhi

The exports of India

comprise mainly of agro-based products
are confined to a few items
are spread over several commodity groups

In India the co-operative movement was initiated in the sector of

agricultural credit
marketing of agricultural products

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