71. The latest committee to submit its report on tax reforms is known as

1. 1. Kelkar Committee

   
   
   

   2. Chellia Committee

   
   
   

   3. Narsimhan Committee

   
   
   

   4. Vaghul Committee

   
   
   

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   N/A

   Correct Option: A

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72. The 'break-even point' is where

1. 1. Marginal revenue equals marginal cost

   
   
   

   2. Average revenue equals average cost

   
   
   

   3. Total revenue equals total cost

   
   
   

   4. None of these

   
   
   

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   N/A

   Correct Option: B

   N/A

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73. Which of the following committees examined and suggested Financial Sector Reforms?

1. 1. Abid Hussain Committee

   
   
   

   2. Bhagwati Committee

   
   
   

   3. Chelliah Committee

   
   
   

   4. Narsimhan Committee

   
   
   

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   N/A

   Correct Option: C

   N/A

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74. Which of the following taxes is exclusively and totally assigned to the Central Government by the Constitution?

1. 1. Estate duty

   
   
   

   2. Sales Tax

   
   
   

   3. Taxes on Railway Fares and Freights

   
   
   

   4. Corporation Tax

   
   
   

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   N/A

   Correct Option: A

   N/A

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75. Many a time we read in financial news paper about Public Dept. Which of the following is/are the components of Public Debt?
    1. Market Loans
    2. External Loans
    3. Outstanding against saving schemes/ provident funds
    Codes

1. 1. only 1

   
   
   

   2. only 2

   
   
   

   3. Both 1 and 2

   
   
   

   4. only 3

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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