416: Who among the following is a famous economist?
(a) Max Muller
(b) Macaulay
(c) Gunnar Myrdal
(d) Henry Francis Carry
417: Which one of the following is the correct statements? Service tax is a/an
(a) Direct Tax levied by the Central Government
(b) Indirect Tax levied by the Central Government
(c) Direct Tax levied by the State Government
(d) Indirect Tax levied by the Statement Government
Explanation:
Service tax is an indirect tax levied by the Central Government.
Direct Taxes : Personal Income Tax, Corporate Income Tax (30%), Securities Transaction Tax, Minimum Alternate Tax (10% of Book profits), Banking Cash Transaction Tax, Gift Tax, Expenditure Tax, Frinz benefit Tax, Wealth Tax.
Indirect Taxes : Customs duty (12.5%), Excise duty, Service Tax (12%).
418: How does the National Rural Livelihood Mission seek to improve livelihood options of rural poor?
1. By setting up a large number of new manufacturing industries and agribusiness centres in rural areas
2. By strengthening 'self-help groups' and providing skill development
3. By supplying seeds, fertilizers, diesel pump-sets and micro-irrigation equipment free of cost to farmers
Select the correct answer using the codes given below :
(a) 1 and 2 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
Explanation:
National Rural Livelihood Mission seek to improve livelihood options of rural poor by strengthening 'self-help groups' and providing skill development.
419: A fan makes a hot noon to feel cool by:
(a) Blowing out hot air
(b) Increasing the rate of evaporation
(c) Letting in cool air
(d) Regulating the air flow
420: Consider the following statements:
1. Global Trust Bank has been amalgamated with the Punjab National Bank.
2. The second report of the Kelkar Committee dealing with direct and indirect taxes has maintained its original recommendations including the abolition of exemptions relating to housing loans.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Explanation:
Global Trust Bank has been amalgamated with the Oriental Bank of commerce (OBC).