UPSC  Economics

21. Consider the following statements about GST
1. Both Central and State taxes will be collected at the point of sale.
2. The Central and State GST will be charged on the manufacturing cost.
Which of the above statements are correct?

Only 1 Only 2 Both None

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22. Consider the following statements
1.Indias first new pulp line unit for production of bank note paper is established at Hoshangabad in Madhya Pradesh
2. It will eliminate the need to import its currency paper from Australia and Japan.
Which of the above statements is/are correct?

Only 1 Only 2 Both None

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23. Countries or states which impose no tax or very low tax is called as

Tax terrorism Tax Heavens Tax Keepers Tax generators

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24. Increase in Bank Rate

increases the cost of borrowing by commercial banks declines the supply of money shows tightening of RBI monetary policy all the above

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25. Which of the following are features of amendments to the Companies Act
1. Removed limit for minimum capital required for formation
2. If a firm fails to repay the deposit or any interest it will be punishable with fine
3. All cases under the Companies Act cannot be tried by a special court and that only serious offenses will go to such courts
Which of the above statements is/are incorrect?

1,2 2,3 1,3 All

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26. Consider the following statements
1. The Reserve Bank of India has asked all public sector banks, some private sector and foreign banks to appoint an internal ombudsman.
2. The internal ombudsman would be designated Chief Customer Service Officer (CCSO).
3. RBI has also made it clear that the CCSO should not have worked in the bank in which he/she is appointed as CCSO.
Which of the above statements are true?

1,2 2,3 1,3 All the above

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27. Which of the following agency is responsible for management of Chit funds?

RBI Central government State governments SEBI

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28. Consider the following statements related to Bhartiya Mahila Bank
1. It is the only public sector bank in the country entirely owned by the government
2. This bank works exclusively for women
Which of the above statements is/are correct?

Only 1 Only 2 Both None

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29. Consider the following statements related to FDI in retail
1. India allows 100% FDI in single-brand stores but imposed the requirement that the single brand retailer source 30 percent of its goods from India.
2. Government of India allowed 100% FDI in multi-brand retail in India after approval from individual state
Which of the above statements is/are correct?

Only 1 Only 2 Both None

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30. Consider the following statements
1. RBI allowed Infrastructure Debt Fund-Non-Banking Financial Companies to invest in public-private partnerships (PPPs) and infrastructure projects which have completed at least one year of satisfactory commercial operation.
2. The maximum exposure that an IDF-NBFC can take on individual projects will be at 50 per cent of its total capital funds.
3. An additional exposure up to 10 per cent could be taken at the discretion of the board of the IDF-NBFC.
Which of the above statements are correct?

1,2 1,3 2,3 All

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