Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part4 : 26 to 30

Following General Knowledge Multiple choice objective type questions and answers will help you in TRB, SSC and UPSC 2024 examinations :

26.On 15th October, 1999, the National Commission on Labour (NCL) was set up under the charimanship of

Mr. M.R. Maher

Mr. Atal Behari Bajpai

Mr. Ravindra Verma

Mr. Yashwant Sinha

27.Narasimahan report relates to the restructuring of

sick industries

sales tax

income tax

banks

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

their dwelling houses

the nature of employment

caloric consumption

level of education

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

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

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

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

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

30.MODVAT refers to

export value of a commodity

value generated by exports

value added to manufacturing cost

money generated by import and export

More Economics QUESTIONS AND ANSWERS available in next pages

Health is the greatest gift, contentment is the greatest wealth -Buddha

Too many of us are not living our dreams because we are living our fears.- Les Brown

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