Quiz 239: Economic Awareness For Bank Examinations October 19, 2009 1. A number of factors are responsible for poverty in India. Which among the following is not the economic factor contributing to poverty?Inequalities of IncomeMass illiteracyLow productivity in AgricultureFast Rise in Population2. Which among the following sentences is / are correct ?The Union Levies, collects and distributes the proceeds of income tax between itself and statesThe Union Levies, collects and distributes the proceeds of income tax between statesThe Union Levies, collects and keeps the proceeds of income taxThe Union Levies, collects and distributes the proceeds of income tax & Surcharge and only surcharge is distributed among states3. In which of the following situations the "Investment" will increase?Increase in output and decrease in capital stockdecrease in output and increase in capital stockIncrease in output and increase in capital stockdecrease in output and decrease in capital stock4. Which among the following is a direct tax?Excise DutySales TaxVATIncome Tax5. Which among the following is a Progressive Tax?Customs dutyDevelopment SurchargeIncome taxSales tax6. Which among the following is not a power of RBI?inspection of banksNationalization of BanksCall of returnsControl the lending policies of the banks7. All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC. What is the full form of DICGC?Deposit Insurance And Credit Guarantee CompanyDeposit Insurance And Credit Guarantee CorporationDirect Insurance And Credit Guarantee CorporationDirect Insurance And Credit Guarantee Company8. Which among the following is correct regarding ‘Currency Chests”?Storehouses where banknotes and rupee coins are stocked on behalf of the Reserve BankStore houses where foreign currencies are stocked on behalf of the RBICompanies which are authorized to store and deal in Foreign currenciesBanks authorized by Reserve Bank of India for Currency Exchange9. Rs. 100 notes are printed in which of the following?The Indian Security Press NasikThe Security Printing Press HyderabadThe bank Note Press, DewasAll1,2&310. Which among the following taxes is levied by state government only?Wealth TaxEstate DutyCorporation taxEntertainment TaxSubmit Test « Previous Next »