Classical

Advanced Questions - Section 7

26:  

When custom duty is levied according to weight of goods it is known as

A.

Excise duty

B.

Ad-valorem duty

C.

Revenue duty

D.

Specific duty

 
 

Option: D

Explanation :

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27:  

Which one of the following pairs is not correctly matched?

A.

Capital Expenditure : Transportation costs of a machine

B.

Funds Flow Statement : Working Capital

C.

Reduction of Share Capital : Reconstruction

D.

Contribution : Sales — Cost

 
 

Option: B

Explanation :

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28:  

The term 'industrial policy' refers to

A.

the rules and regulations relating to the establishment of industrial undertakings and their expansion

B.

remove the structural, financial, fiscal, administrative, infra structure related impediments to the efficient functioning of a market oriented economy

C.

the culmination of liberalisation programme

D.

increase the efficiency of public sector undertakings

 
 

Option: B

Explanation :

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29:  

Intellectual Property Rights are pertaining to

A.

Medicines already patented

B.

Matters published on or before 1990

C.

Import of goods and services

D.

None of the above

 
 

Option: C

Explanation :

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30:  

Fiscal deficit in the Union Budget means

A.

The sum of budgetary deficit and net increase in internal and external borrowings

B.

The difference between current expenditure and current revenue

C.

The sum of monetised deficit and budgetary deficit

D.

Net increase in Union Government borrowings from the Reserve Bank of India

 
 

Option: A

Explanation :

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