Who among the following has suggested tax on expenditure?

Q1241. Who among the following has suggested tax on expenditure?
(a) Dalton
(b) Kaldor
(c) Musgrave
(d) Gautam Mathur
Ans: (b)
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Q1242. What is referred to as ‘Depository Services’ ?
(a) A new scheme of fixed deposits
(b) A method for regulating stock exchanges
(c) An agency for safe-keeping of securities
(d) An advisory service to investors
Ans: (c)
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Q1243. ‘Golden Handshake Scheme’ is associated with
(a) inviting foreign companies
(b) private investment in public enterprises
(c) establishing joint enterprises
(d) voluntary retirement
Ans: (d)
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Q1244. New capital issue is placed in
(a) Secondary market
(b) Grey market
(c) Primary market
(d) Black market
Ans: (c)
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Q1245. Excise duty on a commodity is payable with reference to its
(a) production
(b) production and sale
(c) production and transportation
(d) production, transportation and sale
Ans: (a)
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Q1246. Disinvestements is
(a) offloading of shares of privates companies to government
(b) offloading of government shares to private companies
(c) increase in investment
(d) closing down of business concerns
Ans: (b)
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Q1247. Disinvestment in Public Sector is called
(a) Liberalisation
(b) Globalisation
(c) Industrialisation
(d) Privatisation
Ans: (d)
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Q1248. A Black Market is a situation wherein
(a) Goods are loaded by the producers
(b) Goods are sold secretly
(c) Goods are sold at prices higher than what is fixed by the Government
(d) Goods are made available
(sold) only after there is a rise in prices
Ans: (b)
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Q1249. The sale proceeds of Government Bonds come under the budget head of
(a) Revenue Receipts
(b) Current Expenditure
(c) Capital Outlay
(d) Capital Receipts
Ans: (d)
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Q1250. Under-writting refers to
(a) under estimation
(b) under selling
(c) winding up the business
(d) an act of insuring risk
Ans: (d)
Q1251. In an economy, the sectors are classified into public and private on the basis of
(a) employment conditions
(b) nature of economic activities
(c) ownership of enterprises
(d) use of raw materials
Ans: (c)
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Q1252. Taxation is a tool of
(a) Monetary policy
(b) Fiscal policy
(c) Price policy
(d) Wage policy
Ans: (b)
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Q1253. Custom duty is an instrument of
(a) Monetary Policy
(b) Foreign Trade Policy
(c) Industrial Policy
(d) Fiscal Policy
Ans: (b)
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Q1254. Value-added means value of
(a) output at factor cost
(b) output at market prices
(c) goods and services less depreciation
(d) goods and services less cost of intermediate goods and services
Ans: (d)
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Q1255. A part of National Debt known as External Debt is the amount
(a) borrowed by its citizens from abroad
(b) lent by its citizens to foreign governments
(c) borrowed by its government from abroad
(d) lent by its government to foreign government
Ans: (c)
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Q1256. Taxes are as certain as the death, because
(a) They constitute the major source of government revenue.
(b) Government have no other source of revenue.
(c) Most PSUs are run inefficiently.
(d) Government has its own budget constraints.
Ans: (a)
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Q1257. When price of a substitute of commodity ‘x’ falls, the demand for ‘x’ :
(a) falls
(b) remains unchanged
(c) increases at increasing rate
(d) rises
Ans: (a)
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Q1258. The major aim of devaluation is to :
(a) encourage imports
(b) encourage exports
(c) encourage both exports and imports
(d) discourage both exports and imports
Ans: (b)
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Q1259. What is “narrow money” ?
(a) The sum of currency in circulation and the demand deposits in banks
(b) The sum of MI money and the time deposits
(c) The sum of currency in circulation with the public and the cash reserves held by banks
(d) The market value of the stocks held by all the holders excluding the promoters
Ans: (a)
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Q1260. Devaluation usually causes the internal prices to :
(a) fall
(b) rise
(c) remain unchanged
(d) None of the above
Ans: (c)
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Q1261. Which of the following can be used for checking inflation temporarily ?
(a) Increase in wages
(b) Decrease in money supply
(c) Decrease in taxes
(d) None of these
Ans: (b)
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Q1262. Gresham’s Law means
(a) Good money replaces bad money in circulation
(b) Bad money replaces good money in circulation
(c) Good money promotes bad money in the system
(d) Bad money promotes good money in the system
Ans: (b)
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Q1263. Gresham’s law is related to
(a) Consumption and demand
(b) Supply and demand
(c) Circulation of money
(d) Deficit financing
Ans: (c)
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Q1264. Inflation occurs when aggregate supply is
(a) more than aggregate demand
(b) less than aggregate demand
(c) equal to aggregate demand
(d) None of these
Ans: (b)
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Q1265. Bank Rate refers to the interest rate at which
(a) Commercial banks receive deposits from the public
(b) Central bank gives loans to Commercial banks
(c) Government loans are floated
(d) Commercial banks grant loans to their customers
Ans: (b)
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Q1266. Long-term funds in the capital market can be raised either by borrowing from certain institutions or through
(a) issue of note
(b) taking loan from Government
(c) issue of securities
(d) taking loan from foreign institutions
Ans: (c)
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Q1267. Devaluation of currency leads to
(a) expansion of export trade
(b) contraction of import trade
(c) expansion of import substitution
(d) All of the above
Ans: (d)
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Q1268. Cheap Money means
(a) Low Rate of Interest
(b) Low level of Savings
(c) Low level Income
(d) Excess of Black Money
Ans: (a)
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Q1269. In a period of inflation and price rise the supply of money remains
(a) the same
(b) increases
(c) decreases
(d) increases or decreases proportionately.
Ans: (b)
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Q1270. A speculator who enters into a purchase transaction with a view to sell in the near future when the price would have risen is called a
(a) Bear (b) Bull
(c) Bison (d) Boar
Ans: (b)