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Gilt-edged market means

A

bullion market

B

market of government securities

C

market of guns

D

market of pure metals

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ICICI is the name of a

A

chemical industry

B

bureau

C

corporation

D

financial institution

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Development expenditure of the Central government does not include

A

defence expenditure

B

expenditure on economic services

C

expenditure on social and community services

D

grant to states

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Investment is equal to

A

Stock of plants, machines and equipment

B

Gross total of all types of physical capital assets

C

Gross total of all capital assets minus wear and tear

D

None of these

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Which one of the following taxes is collected and utilized by the State Government?

A

Custom duties

B

Land revenue

C

Corporation tax

D

Personal Income tax

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What are the main components of basic social infrastructure of an economy?

A

Industry, Trade and Transport

B

Transport, Health and Banks

C

Education, Industry and Agriculture

D

Education, Health and Civil amenities

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Equilibrium is a condition that can

A

Change only if government policies change

B

Change only if some internal factor changes

C

Change only if some outside factor changes

D

Never change

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The incidence of sales tax falls on

A

Producers

B

Retail dealers

C

Wholesale dealers

D

Consumers

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Which among the following has the least possibility of globalization?

A

Increase in infrastructure

B

To manage resources for investment

C

Selections of labour force

D

Location of capital works

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Which among the following is not a non-customs duty obstacle in the world trade?

A

Quantity restriction

B

Restrictions on goods quality

C

Determination of import duty uniformly

D

Establishment of Standard of labour in manufacturing

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