The Committee which has recommended abolition of Tax Rebates under Section 88 of Income Tax Act of India, is :
The Task Force on Direct Taxes under the chairmanship of Dr. Vijay L. Kelkar made recommendations for elimination of tax incentives under Section 88, 80L and interest income under Section 10 of the Income Tax Act.
This Task Force presented its final report in December, 2002.
English
10 Questions
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7 Mins English English10 Questions10 Marks10 Mins English English150 Questions150 Marks150 Mins EnglishIn which among the following year the MRTP/Monopolies and Restrictive Trade Practices act become effective
In India, Special Economic Zone policy was announced in :
A ‘closed economy’ is an economy in which :
Given below are two statements, one labelled as Assertion (A) and the other as Reason (R).
Assertion (A) : When the payments made by a country exceeds its receipts from trade of goods, services, transfer and net income, is called Current Account Deficit (CAD).
Reason (R) : Current Account Deficit (CAD) occurs when a country exports more goods, services and capital.
Choose the correct answer from the code given below.
Code :
Disguised unemployment in India is mainly related to :
I. Agricultural sector
II. Rural Area
III. Manufacturing sector
IV. Urban area
Select the correct answer from the codes given below :
Codes :
Which of the following committees has given its recommendations on ‘financial inclusion’?
With reference to the Indian economy, demand-pull inflation can be caused/increased by which of the following?
1. Expansionary policies
2. Fiscal stimulus
3. Inflation-indexing wages
4. Higher purchasing power
5. Rising interest rates
Select the correct answer using the code given below.
Inflation is beneficial to which of the following sections of the economy?
Arrange the following in their chronological order :
1. The First Five Year Plan was submitted to Parliament.
2. The National Development Council was set-up.
3. First devaluation of Indian currency after independence took place.
4. India became a member of the International Monetary Fund (IMF).
Select the correct answer with the codes given below :
Consider the following statements :
Statement (A) : ' Bottom-up Planning' is a goal that is yet to be achieved.
Reason (A) : Village as a unit is very suitable for economic viability.
With reference to above which one of the following is the correct answer :
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