When two or more persons working jointly on the basis of a common plan of action, then it is called:

• Co-operation
• Collaboration
• Co-ordination
• Consulting
Correct Option: B  [ Collaboration ]

Remark:

Which one of the following is an indirect tax levied by the Central Government in India ?

• Service tax
• Corporate Income tax
• Profession tax
• Agricultural Income tax
Correct Option: A  [ Service tax ]

Remark:

Who prints and supplies the currency notes in India:

• State Bank of India
• United Bank of India
• Reserve Bank of India
• United Commercial Bank of India
Correct Option: C  [ Reserve Bank of India ]

Remark:

If withdrawal of a worker from employment does not create any output loss, this situation is known as

• Search unemployment
• Voluntary unemployment
• Disguised unemployment
• Frictional unemployment
Correct Option: C  [ Disguised unemployment ]

Remark:

The architect of the Second Five Year Plan was :

• Mahatma Gandhi
• Subhash Chandra Bose
• P. C. Mahalanobis
• None of them
Correct Option: C  [ P. C. Mahalanobis ]

Remark:

Which of the following is not an asset held by the commercial bank ?

• Bills of exchange
• Current account deposits
• Money lent at short notice
• Credit balances with the Reserve Bank
Correct Option: B  [ Current account deposits ]

Remark:

Which of the following is true in respect of Centre-State financial relations ?

• Amount given by Centre is the only source of income to States
• States can by-pass Centre while taking foreign loans
• States can not levy income tax
• States can claim 100 % share in excise duty on goods produced in the State
Correct Option: C  [ States can not levy income tax ]

Remark:

Three annual plans were launched between:

• 1969 to 1972
• 1986 to 1989
• 1990 to 1993
• 1966 to 1969
Correct Option: D  [ 1966 to 1969 ]

Remark:

"SEBI" stands for the:

• State Earnings Board of India
• Securities and Exchange Bank of India
• Securities and Exchange Board of India
• State Exchange Bank of India
Correct Option: C  [ Securities and Exchange Board of India ]

Remark: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992

Which among the following in India has the function of recommending Minimum Support Prices for various commodities to the Government ?

• National Farmers Commission
• Commission for Agricultural Costs and Prices
• Central Statistical organization
• Department of Agriculture
Correct Option: B  [ Commission for Agricultural Costs and Prices ]

Remark: