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156. In the second industrial policy of 1956, industries were divided into
(A) Four classes
(B) six classes
(C) Two classes
(D) Three classes
(A) Four classes
(B) six classes
(C) Two classes
(D) Three classes
Correct Answer: [D] Three classes.
157. In the financing of the Indian plans, indirect taxes have played
(A) A less important role compared to that of direct taxes
(B) A less important role compared to that of deficit financing
(C) A very important role
(D) A negligible role
(A) A less important role compared to that of direct taxes
(B) A less important role compared to that of deficit financing
(C) A very important role
(D) A negligible role
Correct Answer: [C] A very important role.
158. Which of the following factors is most important for the future industrial development of India?
(A) Huge investment is to be undertaken by the investor class
(B) None of the above
(C) Maintenance of industrial peace
(D) Creation of adequate infrastructural facilities
(A) Huge investment is to be undertaken by the investor class
(B) None of the above
(C) Maintenance of industrial peace
(D) Creation of adequate infrastructural facilities
Correct Answer: [D] Creation of adequate infrastructural facilities.
159. In which of the following plans did India experience to successive wars?
(A) Fourth Five Year Plan
(B) Fifth Five Year Plan
(C) Second Five Year Plan
(D) Third Five Year Plan
(A) Fourth Five Year Plan
(B) Fifth Five Year Plan
(C) Second Five Year Plan
(D) Third Five Year Plan
Correct Answer: [D] Third Five Year Plan.
160. The objective of the Fiscal Responsibility and Budget Management Act, 2004 is
(A) to ensure that public debt does not exceed 50% of the GDP of the year from 2011.
(B) to reduce the fiscal deficit.
(C) to reduce revenue deficit.
(D) All of the above
(A) to ensure that public debt does not exceed 50% of the GDP of the year from 2011.
(B) to reduce the fiscal deficit.
(C) to reduce revenue deficit.
(D) All of the above
Correct Answer: [B] to reduce the fiscal deficit..
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