CLAT General-Knowledge(GK): Questions 225 - 231 of 286

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 286 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Rs. 200.00 or

Question number: 225

» Economics

MCQ▾

Question

When was the decimal system of currency introduced in India?

Choices

Choice (4) Response

a.

1950

b.

1948

c.

1954

d.

1957

Question number: 226

» Economics

MCQ▾

Question

Rupee was devalued by what percent in July 1991?

Choices

Choice (4) Response

a.

20

b.

25

c.

22

d.

18

Question number: 227

» Economics

MCQ▾

Question

Put the main sources of revenue in the Central Government in ascending order of importance-

  1. Income tax
  2. Corporation tax
  3. Customs
  4. Customs

Choices

Choice (4) Response

a.

3, 2, 4, 1

b.

1, 2, 3, 4

c.

2, 3, 4, 1

d.

4, 3, 1, 2

Question number: 228

» Economics

MCQ▾

Question

Among Indian Economists who had done pioneering work on national income?

Choices

Choice (4) Response

a.

Prof Shenai

b.

Jagdish Bhagwati

c.

PN Dhar

d.

VKRV Rao

Question number: 229

» Economics

MCQ▾

Question

Consider the following statements-

1. The repo rate is the rate of which other banks borrow from the Reserve Bank of India.

2. A value of 1 for Gini coefficient in a country implies that there is perfectly equal income for everyone in its population.

Which of the statements given above is/are correct?

Choices

Choice (4) Response

a.

2 only

b.

1 and 2

c.

1 only

d.

All of the above

Question number: 230

» Economics

MCQ▾

Question

A tax which is paid by the person on whom the tax is incident is called a-

Choices

Choice (4) Response

a.

direct tax

b.

rate

c.

local tax

d.

indirect tax

Question number: 231

» Economics

MCQ▾

Question

Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans?

Choices

Choice (4) Response

a.

International Finance Association

b.

International Developmental Association

c.

Asian Development Bank

d.

IMF

Sign In