Know Your World - 49


1. The small and marginal farmers will get irrigation facilities through which plan?

Ganga Kalyan Yojna

2. The levying of which following taxes is outside the jurisdiction of Municipal Corporation?

Income Tax

3. Which is the most important item of non-plan expenditure?

Interest payment

4. What is the main objective of Antyodaya programme?

Uplift the poor

5. In which year Swarn Jayanti Gram Swa-Rozgar Yojna came into being?

01.04.1999

6. By whom is the Annual Financial Statement caused to be laid before both Houses of Parliament?

President

7. By which is National income of India compiled?

Central Statistical Organisation

8. If saving exceeds investment, how will the national income?

Remain constant

9. By which ministry is Economic survey published?

Ministry of Finance

10. In which of the Parliamentary Financial Committees is the Rajya Sabha not represented?

Estimates Committee

11. From which fund are the salaries of the Judges of the Supreme Court drawn?

Consolidated Fund

12. On which do Companies pay Corporation Tax?

Incomes

13. On which day is the budget, in normal circumstances, presented to the Parliament?

The last day of February

14. Which organization was established as the Bretton Woods Conference in 1944?

IMF

15. Which is the largest Committee of the Parliament?

The Estimates Committee

16. Which tax is not levied by the Union Government?

Profession Tax

17. Who signs on ten rupee notes?

Governor (Reserve Bank of India)

18. When was the decimal system of currency introduced in India?

1957

19. What is the investment in public works?

Capital expenditure

20. Which industry does not earn foreign exchange for India?

Fertilizers

21. What does Net factor income from abroad added to GDP give?

GNP

22. Why is Poverty in less developed countries largely?

Due to income inequality

23. Who is most benefitted from inflation?

Debtors

24. What are “Open Market Operations”?

Selling of gilt edged securities by the Government

25. Which is the ‘Slack Season’ in the Indian Economy?

Jan.-June

26. On which is based the India’s wage policy?

Cost of living

27. Which can be used for checking inflation temporarily?

Decrease in money supply

28. What does real national income denote?

National income at constant prices

29. Under VAT, how many slabs are there?

4

30. What is the cause of inflation?

Increase in money supply and fall in production