Welcome to Economy Daily Static MCQs 06/02/2025 .

Total Questions: 5

Q1. Which of the following are considered as paper taxes?

Wealth tax
Gift tax
Estate duty

a. 1 and 3 only

b. 1 and 2 only

c. 2 and 3 only

d. 1, 2 and 3

Q2. Consider the following statements with respect to gender budgeting in India:

Gender Budgeting is a tool for achieving gender mainstreaming.
Gender Budgeting is an accounting exercise.

How many of the statements given above is/are correct?

a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

Q3. With reference to WTO, tariffication refers to:

a. Replacement of quotas by tariffs only

b. Replacement of all existing non-tariff restrictions by tariff

c. Scaling down tariffs in general

d. Obtaining sanction to increase tariff

Q4. Which of the following is the main component of external debt in India?

a. Short-term Debt

b. NRI Deposits

c. Commercial Borrowings

d. Multilateral

Q5. With reference to foreign exchange transactions, the term swap indicates:

a. Transactions involving the exchange of two currencies at a rate agreed on the date of contract for value.

b. Transaction which involves the actual exchange of two currencies on a specific date at a rate agreed at the time of the conclusion of the contract.

c. The rate of exchange quoted for transactions involving immediate settlement.

d. Single outright transaction involving the exchange of two currencies at a rate agreed on the date of contract.

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Economy Daily Static MCQs 06/02/2025

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