BANKING AWARENESS QUIZ - 5

1. Which of the following organisation is made specifically responsible for empowering Micro, Small and Medium enterprises in India ?
a. NABARD
b. RBI
c. SIDBI
d. ECGC
e. SEBI

2. Poverty line is expressed in terms of an overall _____ .
a. per capita income
b. per capita consumption expenditure
c. per capita entertainment expenditure
d. per capita development expenditure
e. per capita GDP

3. Which of the following is the global international organisation dealing with the rules of trade between nations ?
a. IMF
b. IDA
c. UNO
d. WTO
e. UNESCO

4. Excise duty is a tax levied on
a. production of goods
b. import of goods
c. sales of goods
d. profit on sales of goods
e. income from other sources

5. A tax based on the value of the property/ product is called _____ .
a. fringe benefit tax
b. value added tax
c. minimum alternative tax
d. turnover tax
e. ad-varolem tax

6. The term plastic money refers to _____ .
a. ATM / credit cards
b. plastic coated currency notes
c. foreign currency notes
d. traveller's check
e. None of these

7. It is mandatory to quote the following identification number on all large value financial transactions .
a. PAN number
b. Voter ID
c. PIN
d. Ration card number
e. Phone number

8. The term 'FTZ' stands for _____ .
a. free trade zone
b. food trade zone
c. foreign trade zone
d. fiscal trade zone
e. financial trade zone

9. The form ITR-1 is a form for filling _____ .
a. Income tax challan
b. Excise duty
c. Customs duty
d. Income tax returns
e. VAT

10. Which of the following is an effectively a tax on the carbon dioxide emissions from burning fossil fuels ?
a. fuel surcharge
b. carbon surcharge
c. carbon tax
d. hazardous emmission tax
e. fuel tax

# Answers:
1. c
2. a
3. d
4. a
5. e
6. b
7. a
8. a
9. a
10. c