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86. Which of the following interferes least with the allocation of resources in a market which is otherwise accepted as ideal ?
A. A progressive income tax
B. A regressive tax
C. A poll tax
D. A value added tax
Explanation:
87. Since 1951, in India
A. National income has increased but per capita income has decreased
B. National and per capita incomes have both increased fast
C. National income has increased and per capita income has also increased but at a slower rate
D. National income and per capita income have increased every year.
Explanation:
88. Who among the following is most benefitted from inflation ?
A. Government pensioners
B. Creditors
C. Saving Bank Account holders
D. Debtors
Explanation:
89. Fiscal deficit in the Union Budget means
A. The sum of monestised deficit and budgetory deficit
B. Net increase in Union Governments borrowings from the Reserve Bank of India
C. The sum of budgetary deficit and net increase in internal and external borrowings
D. The difference between current expenditure and current revenue.
Explanation:
90. The balance of the payments deficit in India can be eased by
A. conserving the foreign exchange reserves
B. promotion of exports
C. liberalisation of imports
D. export promotion and import substitution
Explanation:
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