Economics - Questions & Answers | Exam2Win

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91. Companies pay Corporation Tax on their

A. Production

B. Sales proceeds

C. Income

D. Investment

Explanation:

92. Which is the least achieved objective of India Five Year Plans ?

A. Reduction in disparities of wealth and income

B. Progress in basic & key industries

C. Education for all

D. Removal of mass poverty

Explanation:

93. Which of the following taxes was scrapped by the Union Budget of 1993 ?

A. Corporation tax

B. Customs duty on petrochemicals

C. Wealth tax on production assets

D. Excise duty on non - ferrous material

Explanation:

94. National incomes is the same as

A. Net Domestic Product at market price

B. Net Domestic Product at cost factor

C. Net National Product at market price

D. Net National Product at factor cost

Explanation:

95. A crossed cheque is one, which can be encashed only

A. by the drawee

B. through a bank

C. at the State Bank of India

D. after it has been trasferred to another person

Explanation: