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
Solution
Correct Option: B  [ Collaboration ]

Explanation:

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
Solution
Correct Option: B  [ Commission for Agricultural Costs and Prices ]

Explanation:

Gilt-edged market means:

• Market of government securities
• Bullion market
• Market of commodities
• Market of pure metals
Solution
Correct Option: A  [ Market of government securities ]

Explanation:

Which is the following is direct tax ?

• Income tax
• Excise duty
• Sales tax
• None of these
Solution
Correct Option: A  [ Income tax ]

Explanation:

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
Solution
Correct Option: A  [ Service tax ]

Explanation:

Which of the following sector gives the largest income in India ?

• Trade sector
• Railway
• Agriculture
• Service sector
Solution
Correct Option: D  [ Service sector ]

Explanation:

"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
Solution
Correct Option: C  [ Securities and Exchange Board of India ]

Explanation: 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

First Five Year Plan started in India in the year?

• 1952
• 1956
• 1950
• 1951
Solution
Correct Option: D  [ 1951 ]

Explanation: 1951-56

Where is the headquarter of State Bank of India (SBI) situated ?

• Delhi
• Mumbai
• Pune
• Srinagar
Solution
Correct Option: B  [ Mumbai ]

Explanation:

Which of the following sources provides highest tax revenue to Government of India?

• Personal Income Tax
• Excise Duty
• Corporation Tax
• Customs Duty
Solution
Correct Option: C  [ Corporation Tax ]

Explanation: