Practice Question and Answer
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Q: In which year Food Safety and Standards Act was enacted in India? 1622 05c652604c5860623ed08160d
5c652604c5860623ed08160d- 12004false
- 22005false
- 32006true
- 42007false
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Answer : 3. "2006"
Q: What is the share of Government of India in NABARD? 1679 05c6525dec5860623ed081608
5c6525dec5860623ed081608- 150%false
- 251%false
- 375%false
- 499%true
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Answer : 4. "99%"
Q: Round tripping is used as a ___? 1993 05c6525b71a210f0de9d13fac
5c6525b71a210f0de9d13fac- 1Policy to boost FDI in countryfalse
- 2Means of tax evasiontrue
- 3Policy of export promotionfalse
- 4Calculation of National Incomefalse
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Answer : 2. "Means of tax evasion"
Q: Devaluation of currency can correct a Balance of Payments deficit because___ 2141 05c652574c5860623ed081603
5c652574c5860623ed081603- 1It lowers price of exports in foreign currency and rises price of imports in home currencytrue
- 2It raises price of exports in foreign currency and lowers price of imports in home currencyfalse
- 3It raises price of exports and imports in foreign currencyfalse
- 4It lowers price of exports and imports in home currencyfalse
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Answer : 1. "It lowers price of exports in foreign currency and rises price of imports in home currency"
Q: What is the upper limit of transaction of amount via NEFT to a person in Nepal via the Indo-Nepal Remittance Facility Scheme? 1479 05c65248f1a210f0de9d13fa7
5c65248f1a210f0de9d13fa7- 1Rs. 50,000true
- 2Rs. 100,000false
- 3Rs. 200,000false
- 4Rs. 500,000false
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Answer : 1. "Rs. 50,000"
Q: The Laffer curve is the graphical representation of : 1748 05c6524641a210f0de9d13fa2
5c6524641a210f0de9d13fa2- 1The relationship between tax rates and absolute revenue these rates generate for the government.true
- 2The inverse relationship between the rate of unemployment and the rate of inflation in an economy.false
- 3The inequality in income distributionfalse
- 4The relationship between environmental quality and economic development.false
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Answer : 1. "The relationship between tax rates and absolute revenue these rates generate for the government."
Q: The government has powers under the Essential Commodities Act, 1955 (EC Act) to declare a commodity as an essential commodity to ensure its availabili 1820 05c6523d81a210f0de9d13f9d
5c6523d81a210f0de9d13f9d- 11, 2 and 3false
- 21, 3 and 4false
- 33, 4 and 5false
- 42, 3, 4 and 5true
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Answer : 4. "2, 3, 4 and 5"
Q: Which of the following statements regarding the ‘Viability Gap Funding Scheme (VGF)’ is not true? 1762 05c65239d1a210f0de9d13f98
5c65239d1a210f0de9d13f98- 1Under VGF, the central government meets up to 20% of capital cost of a project being implemented in public private partnership (PPP) modefalse
- 2The scheme is administered by the ministry of finance.false
- 3Sectors eligible for VGF are Infrastructure, health and education.true
- 4VGF is a force multiplier, enabling government to leverage its resources more effectively.false
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Answer : 3. "Sectors eligible for VGF are Infrastructure, health and education."
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