501. In a closed economic model, aggregate demand is not sensitive to:
A) Interest rate
B) Exchange rate
C) Price level
D) Income
502. Which of the following bodies is an affiliate of the World Bank?
A) Asian Development Bank
B) International Monetary Fund
C) International Development Association
D) World Trade Organization
503. Public limited companies try to list their shares with stock exchanges with the objective:
A) Of maintaining management control
B) To provide protection to the investor
C) To keep liquidity for the directors
D) None of these
504. Taking advantages of the price discrepancy among markets by buying cheap in one place and selling these somewhere else is known as:
A) Arbitrage
B) Derivative
C) Option
D) Swap
505. The liquidity trap condition occurs at a:
A) Low rate of interest
B) Very low rate of interest
C) High rate of interest
D) Very high rate of interest
506. In case a person files a return within fifteen days of the due date. He shall pay a penalty of _ Rupees for each day of default?
(A) One Hundred
B) Five Hundred
C) Five Thousand
(D) Three Hundred
507. A Directorate General of Training and Research is established under section?
(A) 30A
(B) 30B
C) 30C
(D) 30D
508. Any person who fails to issue an invoice when required under this act, he shall pay a penalty of:
(A) Rs.5,000/-
B) 3% of the amount of tax involved
(C) A & B whichever is higher
(D) None of these
509. Section 30 of the Sales Tax Act 1990 deals with:
(A) De-Registration
(B) Delegation of Powers
C) Appointment of Officers & Their Powers
(D) None of these
510. A person who applies for de-registration shall require furnishing a final return under section __ tax act 1990.
(A) 27
B) 28
(C) 29
(D) 30
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