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Economics - Questions and Answers

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71. Which of the following taxes is not levied by any Stage Government ?
A. Excise Duty
B. Professional Tax
C. Income Tax
D. None of these
Explanation:
72. According to Mahatma Gandhi economic philosophy, complete happiness can be achieved by
A. destroying machines
B. providing maximum employment opportunities
C. implanting cottage inudustries
D. None of these
Explanation:
73. If income is below equilibrium
A. investment will tend to fall
B. prices will tend to fall
C. income will tend to rise
D. stocks of unsold goods will tend to increase
Explanation:
74. The effect of fall in investment on income on income is normally
A. less than the fall in investment
B. equal to the fall in investment itself
C. equal to the fall in investment unless savings increase at the same time
D. greater than the fall in investment.
Explanation:
75. Indias share in the World Tourist market is
A. Less then 1%
B. Between 1 % and 2 %
C. More than 2% but less than 3%
D. Slightly more than 3%
Explanation:
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