896: The economic and monetary union of 15 European Countries is proposed to be made by 1999. But the currencies of two countries, Franc, have already the same value and circulate freely in both the countries. The countries are
(a) France and Switzerland
(b) Switzerland and Luxembourg
(c) Luxembourg and Belgium
(d) France and Belgium
897: Which one of the following is not a feature of Indian federalism?
(a) There is an independent judiciary in India.
(b) Powers have been clearly divided between the Centre and the States.
(c) The federating units have been given unequal representation in the Rajya Sabha.
(d) It is the result of an agreement among the federating units.
898: What is/are the purpose/purposes of the 'Marginal Cost of Funds based Lending Rate (MCLR)' announced by RBI?
1. These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances.
2. These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks.
Select the correct answer using the code given below.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
899: Which of the following is not a recommendation of the task force on direct taxes under the chairmanship of Dr Vijay L. Kelkar in the year 2002?
(a) Abolition of Wealth Tax
(b) Increase in the exemption limit of personal income to Rs 1.20 lakh for widows
(c) Elimination of standard deduction
(d) Exemption from tax on dividends and capital gains from the listed equity
900: 'Beijing Declaration and Platform for Action', often seen in the news, is
(a) a strategy to tackle the regional terrorism, an outcome of a meeting of the Shanghai Cooperation Organization.
(b) a plan of action for sustainable economic growth in the Asia-Pacific Region, an outcome of the deliberations of the Asia-Pacific Economic Forum.
(c) an agenda for women's empowerment, an outcome of a World Conference convened by the United Nations.
(d) a strategy to combat wildlife trafficking, a declaration of the East Asia Summit.