Economics - Questions & Answers | Exam2Win

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251. Narasimahan report relates to the restructuring of

A. sick industries

B. sales tax

C. income tax

D. banks

Explanation:

252. The measurement of poverty line is based on the criteria of

A. their dwelling houses

B. the nature of employment

C. caloric consumption

D. level of education

Explanation:

253. Which of the following best defines the term ""Letter of Credit"" as used frequently in bank transactions ?

A. An order from a bank to another abroad authorising the payment of a particular amount to a person named in the letter

B. An unconditional undertaking given by a bank ensuring the payment of a particular amount to the drawee at a given date

C. Letter by a bank to a person stating the terms and conditions of the loan sanctioned to him by the bank

D. Statement showing outstanding deposits and credits of a banks for a particular period

Explanation:

254. MODVAT refers to

A. export value of a commodity

B. value generated by exports

C. value added to manufacturing cost

D. money generated by import and export

Explanation:

255. ""Poverty and Famines"" - An Essay on ""Entitlement and Deprivation"" is written by

A. Manmohan Singh

B. V.M. Dandekar

C. Amartya Sen

D. P.C. Joshi

Explanation: