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556. Open market operations of a Central Bank are sale and purchase of
A. Foreign currencies
B. corporate securities
C. trade bills
D. government securities
Explanation:
557. Which of the following is not a state tax ?
A. Estate duty
B. Entertainment tax
C. Excise duty on liquor
D. None of these
Explanation:
558. Given below are two statements, labeled as Assertion (A) and Reason (R). Which of the following is true in their context ? 1. Assertion (A) : Though five decades have passed after independence, number of people below the poverty line have increased. 2. Reason (R) : Succissive plans have failed to achieve the targeted growth rate.
A. Both A and R are true and R is the correct explanation of A.
B. Both A and R are true but R is not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true.
Explanation:
559. Monetary Policy refers to the policy of
A. Moneylenders
B. Government
C. Commercial Banks
D. Central Bank
Explanation:
560. Given below are two statements, labeled as Assertion (A) and Reason (R). Which of the following is true in their context ? 1. Assertion (A) : The ratio of direct taxes to gross domestic product in India has been falling in the recent past. 2. Reason (R) : Unaccounted black money has grown rapidly.
A. Both A and R are true and R is the correct explanation of A.
B. Both A and R are true but R is not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true.
Explanation:
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