Indian Economy Gk Questions and Answers

17. Which of the following is known as paper gold?
  A.  Euro
  B.  Dollar
  C.  Yen
  D.  SDR
Answer
Ans: D
SDR
18. Value added tax is
  A.  an ad valorem tax on domestic final consumption collected at all stages between production and the point of final scale
  B.  tax on final consumption collected at the consumption stage
  C.  an ad valorem tax on final consumption collected at the manufacturing level
  D.  a special tax levied by states on products from other states
Answer
Ans: A
an ad valorem tax on domestic final consumption collected at all stages between production and the point of final scale
19. Who among the following served as the Chief Economist of the International Monetary Fund?
  A.  Ashok Lahiri
  B.  Raghuram Rajan
  C.  Sumantra Ghoshal
  D.  Saumitra Chaudhuri
Answer
Ans: B
Raghuram Rajan
20. The difference between the GNP and NNP is equal to
  A.  capital depreciation
  B.  direct tax revenue
  C.  indirect tax revenue
  D.  none of the above
Answer
Ans: A
capital depreciation
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