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M

Manisha Agrawal • 9.32K Points
Tutor III 

51) Which from the following sets belongs to Central tax?

(A) Custom duty, Entertainment tax and Income tax
(B) Income tax, Custom duty and House tax
(C) Excise duty, Custom duty and Income tax
(D) Excise duty, Sales tax and Custom duty
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Correct Answer - Option (C)

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M

Manisha Agrawal • 9.32K Points
Tutor III 

53) Rate of interest is determined by

(A) Central Government
(B) Commercial Banks
(C) Liquidity preference
(D) The rate of return on the capital invested
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Correct Answer - Option (B)

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M

Manisha Agrawal • 9.32K Points
Tutor III 

54) The Government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into-

(A) Codification of tax laws
(B) The concerns of the foreign investors in India with regard to taxation matters
(C) The entire structure of tax laws including the question of imposition of bank tax
(D) Aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system
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Correct Answer - Option (D)

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M

Manisha Agrawal • 9.32K Points
Tutor III 

55) Which from the following is a part of tertiary sector?

(A) Power and transportation
(B) Cultivation of crops
(C) Animal Husbandry
(D) Super-normal rent
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Correct Answer - Option (A)

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M

Manisha Agrawal • 9.32K Points
Tutor III 

56) A mixed economy refers to an economic system where

(A) Only the private sector operates under government control
(B) The economy functions with foreign collaboration
(C) Both the government and the private sectors operate sectors operate simultaneously
(D) No foreign investment is allowed
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Correct Answer - Option (C)

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M

Manisha Agrawal • 9.32K Points
Tutor III 

57) A Black Market is a situation wherein

(A) Goods are sold secretly
(B) Goods are loaded by the producers
(C) Goods are made available (sold) only after there is a rise in prices
(D) Goods are sold at prices higher than what is fixed by the Government
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Correct Answer - Option (A)

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M

Mohini Yadav • 27.60K Points
Instructor II 

58) Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case ?

(A) Rs. 1700
(B) Rs. 1800
(C) Rs. 1900
(D) Rs. 2000
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Correct Answer - Option (D)

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M

Mohini Yadav • 27.60K Points
Instructor II 

59) If simple interest on Rs. 600 for 4 years and on Rs. 600 for 2 years combined together is Rs.180, find the rate of interest.

(A) 4%
(B) 5%
(C) 5.5%
(D) 6.25%
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Correct Answer - Option (B)

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M

Mohini Yadav • 27.60K Points
Instructor II 

60) The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly is = ?

(A) 6.06%
(B) 6.07%
(C) 6.08%
(D) 6.09%
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Correct Answer - Option (D)

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You are learning MCQ Questions of UPSC Department : 54 | Page : 6

Departments: Each department has 200 Multiple choice questions.
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