explain in details
43. Cohin Clark has argued that for most 48. Random sampling implies that countries of the world, the safe upper (A) the observations are selected limit of taxation is purposively. (A) 40 percent of national income (B) the observations are selected in (B) 30 percent of national income a systemic manner. (C) 25 percent of national income (C) the observations are selected in (D) 20 percent of national income an adhoc manner. (D) the observations are selected in 44. Which of the following tax can be clusters. shifted easily ? (A) Lump-sum tax imposed on the 49. Given the following information, monopolist match the item in List - I with (B) Tax imposed on residential List - II : house List - 1 List - II (C) Capital goods meant for sale 1. Coefficient of (D) Succession duty 1. Halo* Variation II. Coefficient of 45. In a binomial distribution, the sum of 2. Halo3 Correlation mean and variance is 15 and the product of mean and variance is 54, III. Coefficient of 3. 6/x then the number of observations (n) Skewness is equal to IV.Coefficient of 4. Exy / 6, y (A) 27 (B) 30 Kurtosis (C) 24 (D) 33 Codes : II III IV 46. If'r' is the correlation coefficient and (A) byx and bxy are the regression (B) 3 coefficients of the regression lines y (C) 3 on x and x on y respectively, then r = (D) 3 N (A) bxy x byx (B) Vbxy / byx 50. Assertion (A) : Fisher's index is an (C) VI - bry byx ideal index. (D) Vbxy byx Reasoning (R) : Fisher's index satisfies Time Reversal and 47. x2 (chi-square) test is used to test Factor Reversal Tests. (A) analysis of variance Codes : (B) association between the (A) Both (A) and (R) are true and qualitative variables (R) is correct explanation of (C) difference between means of (A). two distributions drawn from (B) Both (A) and (R) are true, but the same population. (R) is not correct explanation (D) difference between the means of (A). of two distributions drawn (C) (A) is true, but (R) is false. from different population. (D) (A) is false, but (R) is true.38. Arrange the following in 40. Match the items given in List - I with chronological order : those in List - II : I. The Indirect Tax Enquiry List - I List - II Committee (Jha Committee) 1. Optimal 1. Charles Tiebout Income II. Tax Reforms Committee Taxation (Chelliah Committee) II. An Economic 2. Peter A. Phyrr III. Taxation Enquiry Commission Theory of Politics (Matthur Commission) III. Local Public 3. F. Ramsey IV. The Direct Tax Enquiry Goods Committee (Wanchoo Committee) IV.Zero Base 4. Anthony Downs Codes : Budgeting Codes : (A) III, II, IV, I II III IV (B) III, 1, IV, II (A) 3 (C) II, III, I, IV (B) 2 3 (C) 3 2 (D) III, IV, I, II (D) N 39. Which of the following are relevant 41. Which of the following is tantamount in Zero Base Budgeting ? to absence of taxation ? (A) Shifting of the tax I. Each item of expenditure is (B) Tax transformation challenged in pre-budget (C) Evasion of tax review. (D) Tax capitalisation II. No minimum level of expenditure is allowed to be 42. Which of the following tax is within taken as given. the jurisdiction of States as III. Expenditure of each item is enumerated in List - II of the increased marginally. Schedule VII of the Constitution of India ? IV. Most item of expenditure is (A) Taxes on Railway freights and taken for granted when budget fares. is prepared for the next year. (B) Taxes on sale and purchase of newspapers on Codes : and advertisement therein. (A) I and III are correct. (C) Rate of stamp duty in respect (B) 1, II and IV are correct. of certain financial documents. (D) Taxes on luxuries, including (C) I and II are correct. entertainments, betting and (D) 1, III and IV are correct. gambling.32. According to the Rybczynski 35. Which of the following is true with theorem, the growth of only one respect to the monetary approach to factor at constant relative commodity the balance of payments ? prices, leads to an absolute expansion (A) It views the balance of in the output of payments as an essentially (A) both commodities monetary phenomenon. (B) the commodity using the (B) A balance of payments deficit growing factor intensively results from an excess demand (C) the commodity using the non- of money in the nation. growing factor intensively (C) A balance of payments surplus (D) any of the above results from an excess supply of money. 33. The exchange rate is kept the same in (D) Balance of payments all parts of the market by disequilibrium are not (A) exchange arbitrage automatically corrected in the long run. (B) interest arbitrage (C) hedging (D) speculation 36. When a nation imposes an import tariff, the nation's offer curve will 34. Which are relevant (A) shift away from the axis conditions assumed by the factor price measuring its export equalization theorem ? commodity. 1. The countries are characterised (B) shift away from the axis by different factor endowments. measuring its import commodity. II. The countries are characterised (C) not shift. by different production functions. (D) any of the above is possible. Ill. The industries are characterised by different factor intensities. 37. If the international terms of trade IV. Each country will export the settle at a level that is between each commodity which uses its country's opportunity cost then abundant factor relatively (A) there is no basis for gainful intensively. trade for either country. Codes : (B) both countries gain from trade. (A) 1, II, III, IV (C) only one country gains from (B) 1, III, IV trade. (C) 1, II, IV (D) one country gains and the other (D) 1, III, II country loses from trade
