The 'RoDTEP' scheme remits which taxes on exported products? MCQ with Answer and Explanation

Question

Share Report Error

The 'RoDTEP' scheme remits which taxes on exported products?

A. direct taxes

B. duties and taxes levied at central, state and local levels on inputs

C. income tax

D. wealth tax

Answer: Option B

Solution (By JKSSB Mock Tests)

RoDTEP remits embedded central, state and local duties/taxes on exported products.

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 'unemployment rate' under usual status considers a person unemployed if:

A. retired

B. not working for one day

C. not working for a week

D. not working for a long period and seeking work

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Usual status unemployment refers to unemployment over a long reference period.

This question belongs to: Economy GK Economy Set 1

Question #2

A negative externality occurs when:

A. social benefit exceeds private benefit

B. social cost exceeds private cost

C. private cost exceeds social cost

D. private benefit equals social benefit

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
A negative externality arises when social cost exceeds private cost, e.g. pollution.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a type of market structure?

A. Oligopoly

B. Perfect competition

C. Monopoly

D. Monopsony of labour only

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Monopsony refers to a market with a single buyer. While monopsony is a market structure, the option 'Monopsony of labour only' incorrectly restricts it. Standard market structures are perfect competition, monopoly, monopolistic competition and oligopoly.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs