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Objective Questions
GK
GK Set-1
Economics
Indian Economics
26

Indian Economics MCQ (GK Set-1) with Answers

26) The distribution of the burden of paying a tax is called :

Sharing of tax burden

Shifting of the tax

Incidence of a tax

Tax capitalization

Answer is:

Incidence of a tax

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

27) Grants from the Centre to the States under the recommendations of Finance Commission are known as :

Plan grants

Development assistance

Statutory grants

Discretionary grants

Answer is:

Statutory grants

28) ’Funds not belonging to the Government are called :

Contingency Fund

Private Accounts

Consolidated Fund

Public Accounts

Answer is:

Private Accounts

29) Which are the three inter-related activities involve in the process of Capital Formation ?

Savings, Finance and Donation

Savings, Loan and Investment

’Donation, Loan and Investment

Savings, Finance and Investment

Answer is:

Savings, Finance and Investment

30) Which of the following is not an element of Financial Organisations ?

Public ownership of Financial Institution

Strengthening of Institutional Structure

Establishment of more Microfinance Organizations

Protection to Investors

Answer is:

Establishment of more Microfinance Organizations

Indian Economics MCQ (GK Set-1) with Answers

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