The 'Advance Pricing Agreement' is related to: MCQ with Answer and Explanation

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The 'Advance Pricing Agreement' is related to:

A. income from salary

B. customs valuation

C. indirect taxes

D. transfer pricing

Answer: Option D

Solution (By JKSSB Mock Tests)

Advance Pricing Agreements relate to transfer pricing arrangements.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Fiscal Deficit' in the Union Budget is expressed as a percentage of:

A. revenue receipts

B. total expenditure

C. Gross Domestic Product

D. total debt

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Correct Answer: Option C

Explanation:
Fiscal deficit is conventionally expressed as a percentage of GDP.

This question belongs to: Economy GK Economy Set 1

Question #2

The term 'Financial Stability' as an objective of central banks refers to:

A. Stability of the financial system and prevention of systemic risks

B. Only growth maximisation

C. Only exchange rate stability

D. Only price stability

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Correct Answer: Option A

Explanation:
Financial stability involves the resilience of the financial system to shocks and the smooth functioning of financial intermediation without systemic disruptions.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Tenth Five Year Plan' period was:

A. 1997-2002

B. 2007-2012

C. 2000-2005

D. 2002-2007

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Correct Answer: Option D

Explanation:
The Tenth Five Year Plan covered 2002-2007.

This question belongs to: Economy GK Economy Set 1

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