Statement-I: Transfer pricing refers to the prices of a vertically integrated multinational firm’s charges for its components or parts.

Statement II: Multinational companies inflate transfer prices for their components, show lower profit and pay less tax.

Which one of the following is correct in respect of the above statements?

1. The bank rate is meant for a shorter intermediate period for regulating interest rates charged by the banks.
2. Repo and reverse repo operations are useful tools for long-run liquidity management by RBI.

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

1. Quantity of Money 
2. Frequency of cash Transactions
3. Exchange Rate Equilibrium
4. Credit Facilities 
5. Size of Propensity to consume
6. Distribution of Income

How many of the given above are correct?

1. Direct taxes are an important instrument for reducing income inequalities.
2. Indirect taxes are anti-inflationary.
3. The revenue elasticity of direct taxes is quite high.

How many of the above statements is/are correct?

1. Currency with public
2. Demand deposit
3. Time deposit
4. Deposit with post office savings organization