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66. Which of the following is the basis for determining the national income ?
A. Total revenue of the state
B. Net profit earned and expenditure incurred by the state
C. Production of goods and services
D. All of the above
Explanation:
67. Which of the following serves as an instrument of decision making in a capitalist economy ?
A. Capitals
B. Consumers
C. Price mechanism
D. Amount of production
Explanation:
68. The strategic aim of IRDP is
A. to reduce unemployment
B. to provide the required inputs for increasing agricultural productivity
C. to provide more opportunities for rural employment and credit facilities at consceesional rate of interest
D. None of these
Explanation:
69. The minimum effect of Direct Taxes is on
A. Food price
B. Consumer goods
C. Capital goods
D. Income
Explanation:
70. Companies pay Coporation Tax on their
A. investment
B. production
C. sales proceeds
D. incomes
Explanation:
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