Economics miscellaneous

Economics miscellaneous

Easy Questions

Economics

Economics miscellaneous
  1. “Functional Finance” is associated with :








  1. View Hint View Answer Discuss in Forum

    Functional finance is an economic theory proposed by Abba P. Lerner, based on effective demand principle and chartalism. It states that government should finance itself to meet explicit goals, such as taming the business cycle, achieving full employment, ensuring growth, and low inflation.

    Correct Option: D

    Functional finance is an economic theory proposed by Abba P. Lerner, based on effective demand principle and chartalism. It states that government should finance itself to meet explicit goals, such as taming the business cycle, achieving full employment, ensuring growth, and low inflation.

  1. The New Economic Policy was introduced by:








  1. View Hint View Answer Discuss in Forum

    The New Economics Policy was introduced by Vladimir Ilyich Lenin (1870-1924). He was founder of modern communist Russia. He was the leader of Soviet Revolution of October 1917 . He liberated the country from the Czars and became Head of its first Communist Government (1917-1924) . He dedicated himself to the cause of workers’ revolution.

    Correct Option: A

    The New Economics Policy was introduced by Vladimir Ilyich Lenin (1870-1924). He was founder of modern communist Russia. He was the leader of Soviet Revolution of October 1917 . He liberated the country from the Czars and became Head of its first Communist Government (1917-1924) . He dedicated himself to the cause of workers’ revolution.

  1. Custom duty is an instrument of








  1. View Hint View Answer Discuss in Forum

    Custom duty is a tax on imports imposed on an ad valorem basis, i.e, fixed in the form of a percentage on the value of the commodity imported.

    Correct Option: B

    Custom duty is a tax on imports imposed on an ad valorem basis, i.e, fixed in the form of a percentage on the value of the commodity imported.

  1. Which one of the following is a direct tax ?








  1. View Hint View Answer Discuss in Forum

    Direct tax is a tax levied directly on the person or company that has to pay it. These taxes are paid directly to the tax authority.

    Correct Option: C

    Direct tax is a tax levied directly on the person or company that has to pay it. These taxes are paid directly to the tax authority.

  1. Which one of the following is not included in current revenue of the Union Government ?








  1. View Hint View Answer Discuss in Forum

    Loans are not included in the current revenue of the Union Government.

    Correct Option: C

    Loans are not included in the current revenue of the Union Government.