CRR is used to (a) Combat inflation ; (b) Check black money ; (c) Check tax evasion ; (d) All the three

CRR is used to (a) Combat inflation ; (b) Check black money ; (c) Check tax evasion ; (d) All the three
by

1 Answer

Answer :

(a) Combat inflation ;
by

Related questions

If RBI wants to decrease the money supply in order to check inflation it will (a) Sell bonds ; (b) Increase CRR ; (c) Hike bank rate ; (d) All or any of the above three

Description : If RBI wants to decrease the money supply in order to check inflation it will (a) Sell bonds ; (b) Increase CRR ; (c) Hike bank rate ; (d) All or any of the above three

Last Answer : ; (d) All or any of the above three

RBI check inflation by (a) Increasing bank rate ; (b) Increasing CRR ; (c) Both ; (d) None

Description : RBI check inflation by (a) Increasing bank rate ; (b) Increasing CRR ; (c) Both ; (d) None

Last Answer : ; (c) Both ;

Manipulation in CRR enables the RBI to ……. (a) Influence the lending ability of the commercial banks ; (b) Check unemployment growth; (c) Check poverty ; (d) Increase GDP

Description : Manipulation in CRR enables the RBI to ……. (a) Influence the lending ability of the commercial banks ; (b) Check unemployment growth; (c) Check poverty ; (d) Increase GDP

Last Answer : (a) Influence the lending ability of the commercial banks ;

If the country is passing through recession, the RBI would (a) Buy bonds ; (b) Reduce CRR ; (c) Ease out bank rate ; (d) All or any of the above three

Description : If the country is passing through recession, the RBI would (a) Buy bonds ; (b) Reduce CRR ; (c) Ease out bank rate ; (d) All or any of the above three

Last Answer : (d) All or any of the above three

CRR means (a) Cash Reserve Ratio ; (b) Current rate of return ; (c) Cumulative rate of return; (d) Current rate of Rupee

Description : CRR means (a) Cash Reserve Ratio ; (b) Current rate of return ; (c) Cumulative rate of return; (d) Current rate of Rupee

Last Answer : (a) Cash Reserve Ratio ;

If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent (a) Depreciation ; (b) Rate of inflation ; (c) Rate of interest ; (d) Tax burden

Description : If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent (a) Depreciation ; (b) Rate of inflation ; (c) Rate of interest ; (d) Tax burden

Last Answer : (b) Rate of inflation ;

Which of these would lead to fall in demand for money? (a) Inflation ; (b) Increase in real income ; (c) Increase in real rate of interest ; (d) Increase in wealth

Description : Which of these would lead to fall in demand for money? (a) Inflation ; (b) Increase in real income ; (c) Increase in real rate of interest ; (d) Increase in wealth

Last Answer : (c) Increase in real rate of interest ;

The Philips curve shows that (a) High unemployment rates are associated with low increases in money wage rates (b) Low unemployment rates are associated with low rates of inflation (c) High unemployment rates are associated with low rates of inflation (d) High inflation rates are associated with small increases in money wage rates.

Description : The Philips curve shows that (a) High unemployment rates are associated with low increases in money wage rates (b) Low unemployment rates are associated with low rates of inflation (c) High ... rates of inflation (d) High inflation rates are associated with small increases in money wage rates.

Last Answer : (c) High unemployment rates are associated with low rates of inflation  

Which of these is one of the causes of inflation? (a) Increase in public expenditure ; (b) Deficit financing ; (c) Increase in administrative prices (d) All the three

Description : Which of these is one of the causes of inflation? (a) Increase in public expenditure ; (b) Deficit financing ; (c) Increase in administrative prices (d) All the three

Last Answer : (d) All the three

Cost push inflation arises due to (a) Persistent rise in factor cost ; (b) Mismatch between demand and supply of commodities (c) Combine phenomena of demand pull and cost-push inflation. ; (d) Increase in price of precious metal

Description : Cost push inflation arises due to (a) Persistent rise in factor cost ; (b) Mismatch between demand and supply of commodities (c) Combine phenomena of demand pull and cost-push inflation. ; (d) Increase in price of precious metal

Last Answer : (a) Persistent rise in factor cost ;

Demand pull inflation rises due to (a) Persistent rise in factor cost ; (b) Mismatch between demand and supply of commodities (c) Combine phenomena of demand pull and cost-push inflation. ; (d) Increase in Price of precious metal

Description : Demand pull inflation rises due to (a) Persistent rise in factor cost ; (b) Mismatch between demand and supply of commodities (c) Combine phenomena of demand pull and cost-push inflation. ; (d) Increase in Price of precious metal

Last Answer : ; (b) Mismatch between demand and supply of commodities

Given Real GDP 8.25%, Nominal GDP 11.25%, Rate of inflation will be (a) 2.5% ; (b) 3% ; (c) 4.25% ; (d) 3.5%

Description : Given Real GDP 8.25%, Nominal GDP 11.25%, Rate of inflation will be (a) 2.5% ; (b) 3% ; (c) 4.25% ; (d) 3.5%

Last Answer : (b) 3% ;

Given Real GDP of 6.5% and rate of inflation of 5.5% nominal GDP will be……. (a) 12% ; (b) 10% ; (c) 10.5% ; (d) 9.5%

Description : Given Real GDP of 6.5% and rate of inflation of 5.5% nominal GDP will be……. (a) 12% ; (b) 10% ; (c) 10.5% ; (d) 9.5%

Last Answer : (a) 12% ;

Equilibrium state is achieved at ………………… (a) The peak point of supply curve ; (b) The bottom point of demand curve (c) The inflation point of demand curve ; (d) The intersection of demand and supply curve

Description : Equilibrium state is achieved at ………………… (a) The peak point of supply curve ; (b) The bottom point of demand curve (c) The inflation point of demand curve ; (d) The intersection of demand and supply curve

Last Answer : (d) The intersection of demand and supply curve

Macroeconomics is the study of (a) Inflation ; (b) Unemployment ; (c) Growth ; (d) All of (a), (b) and (c) above.

Description : Macroeconomics is the study of (a) Inflation ; (b) Unemployment ; (c) Growth ; (d) All of (a), (b) and (c) above.

Last Answer : ; (d) All of (a), (b) and (c) above.

Which of the following issue relates to micro-economics (a) Impact of crude price hike on inflation (b) Impact of change in bank rate on bank saving and investment (c) Impact of Information technology on economic growth (d) Impact of shortage of wheat production on wheat prices

Description : Which of the following issue relates to micro-economics (a) Impact of crude price hike on inflation (b) Impact of change in bank rate on bank saving and investment (c) Impact of Information technology on economic growth (d) Impact of shortage of wheat production on wheat prices

Last Answer : (d) Impact of shortage of wheat production on wheat prices 

What is the purpose of tax evasion?

Description : What is the purpose of tax evasion?

Last Answer : Tax evasion is illegal. I would not advise it, for it is the act of either an individual or a company to attempt to get away with NOT paying taxes they owe the governement. If you are ... perhaps speak with a finance counselor or even a finance lawyer. All legitimate sources to stay within the law.

How do I report a person for tax evasion?

Description : How do I report a person for tax evasion?

Last Answer : You can either contact the IRS directly, or you can contact a local CPA, in order to get an audit done on the individual who is guilty of evading their taxes.

All About Tax Evasion & Tax Evasion Lawyers?

Description : All About Tax Evasion & Tax Evasion Lawyers?

Last Answer : Everyone makes mistakes in their lifetime. Making the mistake of tax evasion is one that thousands of people make each year. While it is possible to get away with it for a few years, the IRS will ... not to pay taxes, calling it an unconstitutional practice. They claim there is no law in the co

Paraellel economy emerges due to - (1) Tax Avoidance (2) Tax Evasion (3) Tax Compliance (4) Tax Estimation

Description : Paraellel economy emerges due to - (1) Tax Avoidance (2) Tax Evasion (3) Tax Compliance (4) Tax Estimation

Last Answer : (2) Tax Evasion Explanation: Parallel economy (black economy) indicates the functioning of an unsanctioned sector in the economy whose objectives run parallel with the social objectives. Major ... that income from illegal activities that is not reported to the government for tax purposes.

A situation which is providing some relief from tax in whole or part is referred as _________ A. Tax Break B. Tax Evasion C. Tax Shifting D. None of the Above

Description : A situation which is providing some relief from tax in whole or part is referred as _________ A. Tax Break B. Tax Evasion C. Tax Shifting D. None of the Above

Last Answer : A. Tax Break Explanation: Tax break is a term referring to any item which avoids taxes, including any tax exemption, tax deduction, or tax credit.

Which of the following term refers the illegal escape from the tax payment? A. Tax Break B. Tax Evasion C. Tax Shifting D. None of the Above

Description : Which of the following term refers the illegal escape from the tax payment? A. Tax Break B. Tax Evasion C. Tax Shifting D. None of the Above

Last Answer : B. Tax Evasion Explanation: Tax evasion is an illegal practice where a person, organization or corporation intentionally avoids paying his/her/its true tax liability. Those caught evading taxes are generally subject to criminal charges and substantial penalties.

This tax service includes the determination of the tax consequences of planned or potential transactions, followed by making suggestions on the most desirable course of action such as to legally minimize the tax liability while achieving the client’s objectives. a. Tax shelter b. Tax evasion c. Tax planning d. Tax compliance

Description : This tax service includes the determination of the tax consequences of planned or potential transactions, followed by making suggestions on the most desirable course of action such as to legally minimize the tax ... 's objectives. a. Tax shelter b. Tax evasion c. Tax planning d. Tax compliance

Last Answer : Tax planning

Paraellel economy emerges due to (1) Tax Avoidance (2) Tax Evasion (3) Tax Compliance (4) Tax Estimation

Description : Paraellel economy emerges due to (1) Tax Avoidance (2) Tax Evasion (3) Tax Compliance (4) Tax Estimation 

Last Answer : Tax Evasion

………………… is the personal income minus personal income tax and miscellaneous receipts of Government administrative departments. (a) Surplus income ; (b) Disposal income ; (c) Expendable income ; (d) Residual income

Description : ………………… is the personal income minus personal income tax and miscellaneous receipts of Government administrative departments. (a) Surplus income ; (b) Disposal income ; (c) Expendable income ; (d) Residual income

Last Answer :  (b) Disposal income ;

If we add……………. to national income we get NDP (a) Depreciation ; (b) Net foreign factor income ; (c) Indirect-tax ; (d) Transfer payment

Description : If we add……………. to national income we get NDP (a) Depreciation ; (b) Net foreign factor income ; (c) Indirect-tax ; (d) Transfer payment

Last Answer : (b) Net foreign factor income ;

If we add……………. to net domestic production we get GDP (a) Depreciation ; (b) Direct tax ; (c) Indirect tax ; (d) Interest payment

Description : If we add……………. to net domestic production we get GDP (a) Depreciation ; (b) Direct tax ; (c) Indirect tax ; (d) Interest payment

Last Answer : (a) Depreciation ;

True value added (a) value added-depreciation ; (b) Value added – depreciation – tax ; (c) Value added – interest – tax ; (d) Value added – depreciation-interest

Description : True value added (a) value added-depreciation ; (b) Value added – depreciation – tax ; (c) Value added – interest – tax ; (d) Value added – depreciation-interest

Last Answer : (a) value added-depreciation ;

Which of these is not a cause of price discrimination (a) Ignorance of consumer ; (b) Place differentiation ; (c) Variation in quality ; (d) Tax differentiation

Description : Which of these is not a cause of price discrimination (a) Ignorance of consumer ; (b) Place differentiation ; (c) Variation in quality ; (d) Tax differentiation

Last Answer : (d) Tax differentiation

Personal taxes in India best illustrates a (a) Proportional tax system ; (b) Progressive tax system (c) Indirect tax system ; (d) Value added tax system

Description : Personal taxes in India best illustrates a (a) Proportional tax system ; (b) Progressive tax system (c) Indirect tax system ; (d) Value added tax system

Last Answer : (b) Progressive tax system 

Ceteris paribus, an income tax (a) Increases the value of the expenditure multiplier and decreases the value of the net tax revenue multiplier; (b) Decreases the value of the expenditure and net tax revenue multiplier; (c) Decreases the value of the expenditure multiplier and increases the value of the net tax revenue multiplier ; (d) None of the above.

Description : Ceteris paribus, an income tax (a) Increases the value of the expenditure multiplier and decreases the value of the net tax revenue multiplier; (b) Decreases the value of the expenditure and net tax ... multiplier and increases the value of the net tax revenue multiplier ; (d) None of the above.

Last Answer :  (b) Decreases the value of the expenditure and net tax revenue multiplier;

GDP at factor cost exceeds GDP at market price (a) When the factor income from abroad is negative ; (b) When depreciation on fixed capital exceeds income in investment; (c) When direct tax exceeds indirect tax ; (d) When subsidies exceeds indirect taxes.

Description : GDP at factor cost exceeds GDP at market price (a) When the factor income from abroad is negative ; (b) When depreciation on fixed capital exceeds income in investment; (c) When direct tax exceeds indirect tax ; (d) When subsidies exceeds indirect taxes.

Last Answer : (d) When subsidies exceeds indirect taxes. 

Personal disposable income is equal to …………………….. (a) Wages and salaries + Dividends paid at home – Personal income tax (b) Wages and salaries + Dividends paid at home + Factor income received from abroad – Personal income tax (c) Wages and salaries + Dividends paid at home + Factor income received from abroad + Transfers from government – Personal income tax. (d) Wages and salaries + Dividends paid at home + Factor income received from abroad - Transfers from government – Personal income tax.

Description : Personal disposable income is equal to .. (a) Wages and salaries + Dividends paid at home - Personal income tax (b) Wages and salaries + Dividends paid at home + Factor income ... + Dividends paid at home + Factor income received from abroad - Transfers from government - Personal income tax.

Last Answer : (c) Wages and salaries + Dividends paid at home + Factor income received from abroad + Transfers from government – Personal income tax.

GDP at market price exceeds GDP at factor cost by the amount of revenue raised through ………………. (a) Direct taxes ; (b) Indirect taxes ; (c) Income tax ; (d) Tax on rents

Description : GDP at market price exceeds GDP at factor cost by the amount of revenue raised through ………………. (a) Direct taxes ; (b) Indirect taxes ; (c) Income tax ; (d) Tax on rents 

Last Answer : ; (b) Indirect taxes ;

Which of these affects the demand for money? (a) Real income ; (b) Price level ; (c) Rate of interest ; (d) All the three

Description : Which of these affects the demand for money? (a) Real income ; (b) Price level ; (c) Rate of interest ; (d) All the three

Last Answer :  (d) All the three

Which of the following is near money? (a) Bill of exchange ; (b) Saving bonds ; (c) Gilt edged securities ; (d) All the three

Description : Which of the following is near money? (a) Bill of exchange ; (b) Saving bonds ; (c) Gilt edged securities ; (d) All the three

Last Answer : (d) All the three 

National income is the ……………. Of all the goods and services produced by a country during a period of year (a) Physical quantity ; (b) Money value ; (c) `Value ; (d) All the three

Description : National income is the ……………. Of all the goods and services produced by a country during a period of year (a) Physical quantity ; (b) Money value ; (c) `Value ; (d) All the three 

Last Answer : (b) Money value ; 

Economics cannot be given the status of science because (a) Of non-uniformity of opinion and approach of economist; (b) Economic behaviour of human being is unpredictable; (c) Measuring rod of money is unstable ; (d) All the three

Description : Economics cannot be given the status of science because (a) Of non-uniformity of opinion and approach of economist; (b) Economic behaviour of human being is unpredictable; (c) Measuring rod of money is unstable ; (d) All the three

Last Answer : (d) All the three

Which of the following is not helpful in controlling money supply? (1) Free market policy (2) CRR (3) Bank Rate (4) Change in margin requirement

Description : Which of the following is not helpful in controlling money supply? (1) Free market policy (2) CRR (3) Bank Rate (4) Change in margin requirement

Last Answer : (1) Free market policy Explanation: The Central Bank of a country regulates money supply with the help of open market operations, changing the reserve requirements (CRR) and changing discount rate ( ... In India, the Reserve Bank of India has recently been resorting more to open market operations.

What is the purpose of KYC in banking? A. It is used for customer identification B. It is used for increasing the CRR of banks C. It is used against money laundering D. It is used by the central bank to control liquidity E. Both (A) and (C)

Description : What is the purpose of KYC in banking? A. It is used for customer identification B. It is used for increasing the CRR of banks C. It is used against money laundering D. It is used by the central bank to control liquidity E. Both (A) and (C)

Last Answer : E. Both (A) and (C) Explanation: Know your customer (KYC) is the process of a business verifying the identity of its clients. Know your customer policies are becoming much more important globally to prevent identity theft, financial fraud, money laundering and terrorist financing.

Which of the following is not helpful in controlling money supply ? (1) Free market policy (2) CRR (3) Bank Rate (4) Change in margin requirement

Description : Which of the following is not helpful in controlling money supply ? (1) Free market policy (2) CRR (3) Bank Rate (4) Change in margin requirement

Last Answer :  Free market policy

Supply of money refers to (a) Total money held by the public ; (b) Total money held by RBI ; (c) Total money with all the commercial banks and RBI ; (d) Total money in Government account

Description : Supply of money refers to (a) Total money held by the public ; (b) Total money held by RBI ; (c) Total money with all the commercial banks and RBI ; (d) Total money in Government account

Last Answer : (a) Total money held by the public ; 

Deficit financing means (a) Financing budgetary deficit by borrowing (b) Financing budgetary deficit by printing money ; (c) Both ; (d) None

Description : Deficit financing means (a) Financing budgetary deficit by borrowing (b) Financing budgetary deficit by printing money ; (c) Both ; (d) None

Last Answer : (c) Both ;

Repo Market means (a) A money market instrument which helps in collateral short term borrowing and lending through sale and purchase operation in debt instrument (b) A money market instrument which helps in collateral long term borrowing and lending through sale and purchase operation in debt instrument (c) A money market instrument which helps in collateral short term lending through sale and purchase operation in debt instrument (d) A money market instrument which helps in collateral short term borrowing through sale and purchase operation in debt instrument

Description : Repo Market means (a) A money market instrument which helps in collateral short term borrowing and lending through sale and purchase operation in debt instrument (b) A money market ... instrument which helps in collateral short term borrowing through sale and purchase operation in debt instrument

Last Answer : (a) A money market instrument which helps in collateral short term borrowing and lending through sale and purchase operation in debt instrument 

If someone keeps some money for bad days, this demand for money is known by ……. motive of money (a) Speculative ; (b) Transaction ; (c) Precautionary ; (d) Store

Description : If someone keeps some money for bad days, this demand for money is known by ……. motive of money (a) Speculative ; (b) Transaction ; (c) Precautionary ; (d) Store 

Last Answer :  (c) Precautionary ;

How does a commercial bank create money (a) By printing money ; (b) By lending a part of its deposits ; (c) By issuing ATM cards (d) Accepting deposits

Description : How does a commercial bank create money (a) By printing money ; (b) By lending a part of its deposits ; (c) By issuing ATM cards (d) Accepting deposits

Last Answer :  (b) By lending a part of its deposits ;

If RBI sucks excess money into circulation this will effect (a) M1 ; (b) M2 ; (c) Both ; (d) None

Description : If RBI sucks excess money into circulation this will effect (a) M1 ; (b) M2 ; (c) Both ; (d) None

Last Answer : ; (c) Both ;

Which of the following function does money serve when used to purchase or sell different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Description : Which of the following function does money serve when used to purchase or sell different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Last Answer : (b) Medium of exchange ;

Which of the following function does money serve when used to measure the prices of different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Description : Which of the following function does money serve when used to measure the prices of different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Last Answer : (c) Standard of value ;

Which of these is not a function of money? (a) Means of exchange ; (b) Store value ; (c) Power indicator ; (d) Measurement of value

Description : Which of these is not a function of money? (a) Means of exchange ; (b) Store value ; (c) Power indicator ; (d) Measurement of value

Last Answer : (c) Power indicator ;