The system of value added taxation is applicable to:
excise duties
income tax
estate duty
taxes on agricultural income
Correct Answer :
A. excise duties
Related Questions
The arguments to support opening up of the Insurance sector in India were:
1. It will provide wider choice to customers
2. It will infuse competition and efficiency
3. It will widen the base of long term funds
4. It will improve balance of payments position
Choose the correct answer from:
1, 2
2, 3
1, 2, 3
1, 2, 3 and 4
The liabilities of a commercial bank are:
1. time deposits
2. security holdings
3. demand deposits
4. advances from the central bank
1, 2 and 3
1, 3 and 4
2 and 4
1 and 3
Debenture holders of a company are its:
shareholders
creditors
debtors
directors
Which of the following statements regarding Regional Rural Banks (RRB) in India is/are correct ?
1. The basic aim of setting up the RRBs is to develop rural economy.
2. The area of RRBs is limited to a specific region comprising one or more districts.
3. RRBs are sponsored by Commercial Banks.
Select the correct answer using the code given below: [Asstt Commdt 2011]
1 only
1 and 2 only
2 and 3 only
1, 2 and 3
Among the following, which one is not a credit rating agency operating in India?
CRISIL
ICRA
Dow Jones
CARE
Which of the following is at the apex of Industrial Finance in India? [UDC 1995]
Industrial Finance Corporation
Reserve Bank of India
Industrial Development Bank of India
Industrial Credit and Investment Corporation of India
Bouncing of cheques has become an offence. What is the punishment for the same:
6 months imprisonment
1year imprisonment
2 years imprisonment
3 years imprisonment
The first Bank established in India was
Punjab National Bank
Traders Bank
State Bank of India
Bank of Hindustan
Private Sector Mutual Funds in India were permitted in [UP PCS 2011]
1964
1993
1994
2001
Consider the following statements:
1. life Insurance Corporation of India is the oldest insurance company in India.
2. National Insurance Company limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India.
3. Headquarters of United India Insurance Company limited are located at Chennai.
Which of the statements given above are correct? [lAS2006)
1, 2 and 3
1 and 2, only
2 and 3, only
1 and 3, only
In which year, some more commercial banks (in addition to the first lot of 14) were nationalised in India?
1976
1979
1980
1982
Which of the following best defines the term 'Letter of Credit' as used frequently in bank transactions? [SBI PO 1991]
An order from a bank to another bank abroad authorising the payment of a particular amount to a person named in the letter
An unconditional undertaking given by a bank ensuring the payment of a particular amount to the drawee at a given date
Letter by a bank to a person stating the terms and conditions of the loan sanctioned to him by the bank
Statement showing outstanding- deposits and credits of a bank for a particular period
In order to be scheduled to the Reserve Bank of India, a bank should have capital and reserve of not less than:
1 lakh
5 lakhs
10 lakhs
50 Iakhs
Which one of the following Indian banks is not a nationalized bank? [IAS 2006]
Corporation Bank
Dena Bank
Federal bank
Vijaya Bank
Participatory Notes (PNs) are associated with which one of the following?
Consolidated Fund of India
Foreign Institutional Investors
United Nations Development Programme
Kyoto Protocol
Which amidst the following rural banks has been named after a river? [NDA 2002]
Prathama Bank
Varada Grameen Bank
Thar Anchalik Grameen Bank
Aravali Kshetriya Grameen Bank
The acronym SRO, being used in the capital market for various market participants, stands for which one of the following? [CDS 2008]
Self-Regulatory Organisations
Small Revenue Operators
Securities Roll-back Operators
Securities Regulatory Organisations
The oldest stock exchange of India is :
Bombay Stock Exchange
Ahmedabad Stock Exchange
Bangalore Stock Exchange
Hyderabad Stock Exchange
To prevent recurrence of scams in Indian Capital Market, the Government has assigned regulatory powers to: [IAS 1995]
RBI
SBI
SEBI
ICICI
The best way, a bank can avoid loss is to :
lend only to individuals known to the bank
accept sound collateral
give only short-term loans
lend only to bank's old customers
The Reserve Bank of India issues:
all the currency notes
all the currency notes except the one rupee note
all the currency notes except the hundred rupee note
only notes of Rs. 10 and above
Open market operations of a Central Bank are sale and purchase of:
foreign currencies
corporate securities
trade bills
government securities
The number of Banks nationalised since 1969 is : [PCS 1994]
8
12
14
20
In 1921, the Presidency Banks of Bengal, Madras and Bombay were nationalised to give birth to:
Punjab National Bank
Syndicate Bank
State Bank of India
Punjab and Sindh Bank
The functions of the Reserve Bank of India are:
1. issuing all notes and coins
2. distributing all notes and coins
3. formulating monetary policy
4. acting as agent of Government in respect of India's membership of the IMF
1, 3 and 4
2 and 3
2, 3 and 4
1, 2, 3 and 4
Which of the following provides the largest part of the demand for loanable funds in India?
Farmers
Private-house purchasers
Corporate businesses
Hire-purchase borrowers
All of the following are subsidiaries of the State Bank of India, except:
State Bank of Bikaner and Jaipur
Central Bank of India
State Bank of Hyderabad
State Bank of Patiala
A crossed cheque is one, which can be encashed only: [IFS 1991]
by the drawee
through a bank,
at the State Bank of India
after it has been transferred to another person
The RBI has regional offices at various places. At which of the following places it does not have an office? [RBI Grade B Officer 2011]
Kota
Nagpur
Lucknow
Panaji
Which of the following is the Banker of the Banks? [Railways 1995]
IDBI
SBI
RBI
SBI and RBI