Dear Students, Intelligence Bureau ACIO Exam 2017 Will be conducted on 15th October 2017. Not much time left for the preparation. At Adda247, we are providing questions for General Awareness section. Today, in this quiz we shall study Economics Questions for IB ACIO Exam, Study and Score great marks in the Exam. We wish you all the very best for the exam.
(a) Indirect tax
(b) Capital consumption
(c) Subsidy
Q2.Which one of the following is not included while estimating National Income through income method?
(a) Rent
(b) Mixed income
(c) Pension
(d) Undistributed profits
Q3.Personal Disposable income is
(a) always equal to Personal Income
(b) always more than Personal Income
(c) equal to Personal Income minus Indirect Taxes
(d) equal to Personal Income minus Direct Taxes
Q4.The difference between the GNP and the NNP is equal to the
(a) consumer expenditure on durable goods
(b) direct tax revenue
(c) indirect tax revenue
(d) capital depreciation
Q5.Aggregate net value of the output in 1 year is the
(a) National Income at factor cost
(b) Gross Domestic Product at market
(c) Net National Product at market prices
(d) Gross National Product at market prices
Q6.India’s Balance of Payments can be corrected through
(a) devaluation of currency
(b) vigorous export promotion
(c) import substitution
(d) All of the above
Q7.Which of the following is not the source of the revenue of Central Government?
(a) Income tax
(b) Corporate tax
(c) Agricultural Income tax
(d) Excise duty
Q8.Which one of the following items is not included in the current account of India’s Balance of Payments?
(a) Short-term commercial borrowings
(b) Non-monetary gold movements
(c) Investment income
(d) Transfer payments
Q9.Interest on public debt is part of
(a) transfer payments by the enterprises
(b) transfer payments by the government
(c) national income
(d) interest payments by households
Q10.The proceeds of Income tax go to
(a) Central Government
(b) State Government
(c) Centre and States
(d) Corporation Authorities
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