Indian Economy-Test 6

VAT was introduced in 1999 and was implemented in _____ in some states .

Income tax structure is

Which of the following is a progressive tax ?

The most important source of public revenue is

A tax that takes away a higher proportion of one’s income as the income rises is termed as a

Which of the following tax are indirect taxes ?

(i) Custom duties

(ii) Excise duties

(iii) Sales tax

(iv) Estate duties

Which of the following is not a part of direct tax ?

The National Income is equal to

Per capita Income rises when

National product at market prices is higher than national product at factor cost by the amount of

Which is not a characteristic of India’s economy at present ?

Green revolution has resulted in.

(i) Increase in agricultural production

(ii) Increase in yield per hectare of land

(iii) Reduction in disparities between rich and poor farmers

(iv) Decrease in regional imbalances

NABARD is a

Which of the following is not a problem in the estimation of India’s national income ?

Which of the following is counted in determining GNP ?

Among these statements which one clearly explains the meaning of “Subsidies”

The difference between Gross National Product and Gross Domestic Product is equal to

National Product is not affected by which of the following ?

Which one of the following is not a Transfer Payment in National Income accounting ?

For the study of the long-term growth of the economy we use

Double counting has the effect of

If values added at different stages are added, the total will

Net exports are negative when

Imports into a country generate income for

Which of the following items are not included in estimating National income ?

The national income of a country for a given period is equal to the

Value added means value of

Improvement in the standard of living in a country are best reflected be increase in

Which one of the following items is excluded in calculating national income ?

In which plan phase of industrialization was initiated ?

The largest source of National Income in India

‘Public sector’ means

NABARD is :

NABARD was established in

The incidence of tax means that

The major part of agricultural land in India is under