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Q:

Which of the following should always be balanced in the foreign trade of India?

 

 

A) Balance of Trade B) Balance of Paymen
C) Balance of Current Account D) No option is correct

Answer:   B) Balance of Paymen



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams
Q:

Which among the following is the difference in valuebetween a countrys imports and exports?

A) Balance of Trade B) Balance of Payment
C) Balance of power D) Credit Balance
 
Answer & Explanation Answer: A) Balance of Trade

Explanation:
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Exam Prep: Bank Exams

0 861
Q:

For the buying and selling of precious metals such as Goldand Silver, the market established is termed as ________ .

A) Capital Market B) Money Market
C) Bullion Market D) wholesale cash market
 
Answer & Explanation Answer: C) Bullion Market

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Exam Prep: Bank Exams

0 762
Q:

The rate of inflation increases when the purchasing powerof money___________ .

A) Decreases B) Increases
C) Stable D) Decrease just half
 
Answer & Explanation Answer: A) Decreases

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Exam Prep: Bank Exams

0 972
Q:

If the rupee depreciates, how the exporters are affected?

A) They are unaffected B) They are in loss
C) They are in profit D) They get credit crunch
 
Answer & Explanation Answer: C) They are in profit

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 885
Q:

When was Consumer Protection Act (COPRA) passed?

A) 1984 B) 1980
C) 1986 D) 1995
 
Answer & Explanation Answer: C) 1986

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Exam Prep: Bank Exams , GATE
Job Role: Bank Clerk , Bank PO

0 979
Q:

Income and consumption are ___________.

A) directly related B) partially related
C) inversely related D) unrelated
 
Answer & Explanation Answer: A) directly related

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Exam Prep: Bank Exams , GATE
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0 924
Q:

Which of the following is not true regard to Goods and Services Tax (GST) ?

A) It will replace luxury tax B) It is a direct tax
C) It will replace multiple taxes on a product or service D) It is an indirect tax
 
Answer & Explanation Answer: B) It is a direct tax

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Exam Prep: Bank Exams

0 806
Q:

Taxes cannot be levied by the union government in India -

A) Tax on professions B) Service tax
C) Income tax D) All of the above
 
Answer & Explanation Answer: A) Tax on professions

Explanation:

Tax on professions cannot be levied by the union government in India.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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