Indian Economy

26. Our financial system has provided for the transfer of resources from the center to the states; the important means of resource transfer are

A. tax sharing
B. grant-in-aids
C. loans
D. All the above

Correct Answer: D. All the above

27. Debenture holders of a company are its

A. shareholders
B. creditors
C. debtors
D. directors

Correct Answer: B. creditors

28. Excise duty is a tax levied on the

A. import of goods
B. export of goods
C. production of goods
D. sale of goods

Correct Answer: C. production of goods

29. In pursuance with the recommendations of the Narasimhan Committee, the RBI has framed new guidelines

A. to govern the entry of new private sector banks to make the banking sector more competitive
B. to reduce the freedom given to banks to rationalize their existing branch network
C. to set up more foreign exchange banks
D. to lend more easily for industrial development

Correct Answer: A. to govern the entry of new private sector banks to make the banking sector more competitive

30. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?

A. Reliance Energy
B. Essar Oil
C. GAIL
D. ONGC

Correct Answer: B. Essar Oil

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