The 'Equalization Levy' in India is imposed on: MCQ with Answer and Explanation

Question

Share Report Error

The 'Equalization Levy' in India is imposed on:

A. all imports

B. digital transactions and online advertising services

C. agricultural income

D. exports

Answer: Option B

Solution (By JKSSB Mock Tests)

Equalization Levy is imposed on specified digital transactions and online advertising services.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The concept of 'Economic Value Added' (EVA) is defined as:

A. Only revenue minus explicit costs

B. Net operating profit after tax minus the opportunity cost of capital employed

C. Only accounting profit

D. Only cash flow

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Economic Value Added is a measure of residual income calculated as net operating profit after tax minus a charge for the opportunity cost of the capital employed in the business.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Public Distribution System' in India is administered by:

A. Ministry of Agriculture

B. Ministry of Finance

C. Department of Food and Public Distribution

D. NITI Aayog

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The public distribution system is administered by the Department of Food and Public Distribution.

This question belongs to: Economy GK Economy Set 1

Question #3

The yield on a bond and its price have an inverse relationship. If market interest rates rise, the price of an existing bond:

A. rises

B. remains unchanged

C. becomes zero

D. falls

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
When market interest rates rise, existing bond prices fall because their fixed coupon becomes less attractive.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs