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971. In a decision taken by the Government of India, the customs duty on ""Metcoke"" was revised and present dual rate structure was replaced by a new single rate. What is ""Metocke"" and by which sector it is used normally ?
A. It is normal coal used for domestic purposes.
B. It is the hard coal used by Indian Railways for its steam engines.
C. It is the popular name of metallurgical coal and is used by metal porcessing and alloy producing companies.
D. None of these
Explanation:
972. Which of the following is NOT TRUE about the budget proposals of the Union Government for 2003-04 ?
A. Exemption of tax on dividends in the hands of the shae holders.
B. Removal of capital gains tax on equities bought in 2003-04.
C. Increase in the limits of the standard deduction.
D. Increase in rate of interest on small savings from 6% to 8%.
Explanation:
973. Mr. Brington Buhai Lyngdoh who died recently was the former Chief Minister and the founder of
A. Mizoram
B. Meghalaya
C. Assam
D. Tripura
Explanation:
974. The hedge-fund, Long Term Capital Management, which was recently embroiled in controversies, was founded by which of the following economists from their Nobel Prize award money ?
A. Robert Lucas and Robert Mundell
B. Robert Merton and Myron Scholes
C. J.A. Mirrless and William Vickery
D. Franco Modigliani and Robert Solow
Explanation:
975. ""Lanka Clash Cloud on Aid"" - was the headline in the leading newspaper recently. The word ""Aid"" in the headline refers to which types of assistance to the country ?
A. Assistance in the form of foreign aid by the Red Cross agencies
B. Foreign aid given by the World Bank/IMF, etc. for the developmental projects
C. Aid in the form of mediation to resolve the crisis between the LTTE and Sri Lanka by some third party
D. None of these
Explanation:
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