Indian Economy MCQs

41. What is the correct full form of CRIS?
[A] Comparative Rating Index for Sovereigns
[B] Cumulative Rating Index for States
[C] Comparative Rating Index for States
[D] Comparative Rating Index of Societies

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42. What are the General Anti-Avoidance Rules?
[A] GAAR is a set of rules aimed at curbing aggressive tax planning
[B] GAAR is a set of rules aimed at curbing money laundering by Indians to Foreign countries
[C] GAAR is a set of rules aimed at regulating investments by Indians in foreign Countries
[D] GAAR is a set of rules aimed at regulating investments by Foreigners in India

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43. Which among the following is the core method of stabilizing the markets under the Market Stabilisation Scheme (MSS) ?
[A] Issuing Treasury Bills and/ or dated securities
[B] Purchasing Treasury Bills and/ or dated securities
[C] Conducting Open Market Operations
[D] All the above

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44. Which among the following is not an indirect tax?
[A] Corporation Tax
[B] Service Tax
[C] Custom Duty
[D] Excise duty

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45. The Direct Taxes Code is related to which among the following?
[A] Income Tax
[B] Sales tax
[C] Excise Duty
[D] Service tax

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46. Which among the following industry generates invisible exports?
[A] Fishing
[B] Travel & Tourism
[C] Jewellery
[D] Handicrafts

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47. Which among the following is correct in context with the White ATMs (Automated Teller Machines) ?
[A] ATMs owned by Foreign Companies
[B] ATMs not owned by banks but by private ATM service providers.
[C] Outsourced ATM Service by Banks – The ATM named under a brand sponsor bank but ATM machine not owned by the Bank
[D] ATMs owned by Government

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48. Which among the following is correct in context with the Brown ATMs (Automated Teller Machines) ?
[A] ATMs owned by Foreign Companies
[B] ATMs not owned by banks but by private ATM service providers.
[C] Outsourced ATM Service by Banks – The ATM named under a brand sponsor bank but ATM machine not owned by the Bank
[D] ATMs owned by Government

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49. Foreign Direct Investment(FDI) and Foreign Institutional Investment(FII) are distinct in terms of?
[A] FDI brings capital, technology & management and FII brings only capital
[B] FDI targets specific sectors and FII help in increasing foreign capital availability
[C] FII is considered more stable
[D] FII targets both primary and secondary market while FDI targets only primary.

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50. Which among the following was not Stipulated in the Fiscal Responsibility And Budget Management Act 2003?
[A] Elimination of revenue deficit
[B] Elimination of primay deficit
[C] Non-borrowing by the central government from RBI except in certain situations
[D] Fixing government guarantees in any financial year as a percentage of GDP

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