solvethe following questions

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.67. Which of the following is an example of a businessperson making a business decision by analyzing financial data: A. William asks the staff accountant to prepare the company's profit-and-loss statement for next Tuesday's executive board meeting. B. After reviewing sales forecasts and income statements, Angela determines that the company has enough money to hire a new employee. C. Timothy obtains a copy of the business's credit rating report from a credit bureau. D. So she can prepare the company's tax return, Kate obtains the necessary financial documents and forms. 68. A financial analysis indicates that a small business's customer base and its profitability have steadily increased over the past six months. What decision is the business most likely to make with this information? A. Obtain a loan for equipment repairs C. Liquidate major assets B. Hire an additional salesperson D. Monitor industry trends 69. One of the procedures for orienting new employees often involves A. providing specialized training . developing a compensation package. B. reviewing previous education. D. scheduling a periodic review. 70. Overall, what does marketing allow us to do? A. Limit our spending C. Live our daily lives B. Stop buying online D. Feel better about shopping 71. Which of the following is a benefit that businesses receive from using the Internet: A. Easier use of satellite radio C. Faster connections with suppliers B. Improved methods of manufacturing D. The ability to call employees on the road 72. An advantage to a business that uses intranet capabilities is that it allows employees to share the business's information with A. customers. C. each other. B. competitors. D. former employees. 73. Ingrid is able to access information from her desktop publishing software, word-processing software, and spreadsheet software at the same time on her personal computer. This is an example of an operating system with capabilities. A. multiprocessing C. multitasking B. multi-user D. multithreading 74. Melanie is putting a copy of each valuable business record in a building far away from her company. She is practicing which part of disaster planning? A. Establish a system for record keeping C. Keep potential lawsuits in mind B. Store information off site D. Computerize valuable business information 75. Which of the following is a type of business record that a firm can use to track its customers' buying habits: A. Forecast C. Marketing budget B. Invoice D. Annual report 76. A main reason that environmental scanning is important is so that businesses can be aware of A. foreign markets. C. competitors' internal environments. B. new products. D. potential threats. 77. Which of the following helps the operations function to control costs and increase productivity: A. Hiring of employees C. Type of management B. Use of technology D. Supply of money