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31.
After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the –
- [A]Wanchoo Committee
- [C]Raj Committiee
- [B]Rajah Chelliah Committee
- [D]Narsimham Committee
- Answer
- Report
Answer : [B]
32.
After the initiation of economic reforms in 1991-92, the amount of-
- [A]Direct taxes increased and that of indirect taxes decreased in gross tax revenue
- [B]Both direct and indirect taxes increased in gross tax revenue
- [C]Both direct and indirect taxes decreased in gross tax revenue
- [D]Direct taxes decreased and that of indirect taxes increased in gross tax revenue
- Answer
- Report
Answer : [B]
33.
Consider the following:
- Market borrowing
- Treasury bills
- Special securities issued to RBI
- [A]1 only
- [C]2 only
- [B]1 and 2
- [D]1,2 and 3
- Answer
- Report
Answer : [D]
34.
Consider the following statements regarding Reserve Bank of India:
- It is a banker to the Central Government
- It formulates and administers monetary policy
- It acts as an agent of the government in respect of India’s membership of IMF.
- It handles the borrowing programme of Government of India
- [A]1 and 2
- [C]1,2,3 and 4
- [B]2,3 and 4
- [D]3 and 4
- Answer
- Report
Answer : [C]
35.
Consider the following factors regarding an industry:
- Capital investments
- Business turn over
- Labour Force
- Power consumption
- [A]1,3 and 4
- [C]2,3 and 4
- [B]1,2 and 4
- [D]2 and 3
- Answer
- Report
Answer : [B]
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