RRB Junior Engineer (JE) Sample Paper: General Awareness (Indian Economy)-16

1. Consider the following statements.

A. India ranks first in the world in fruit production.
B. India ranks second in the world in the export of tobacco.

Which of these statements is/are correct?

(a) Only A
(b) Only B
(c) both A and B
(d) neither A nor B

2. Consider the following statements.

A. Damodar Valley Corporation is the first multipurpose river valley project of independent India
B. Damodar Valley Corporation includes thermal and gas power stations

Which of the statements given above is/are correct?

(a) A only
(b) B only
(c) both A and B
(d) neither A nor B

3. Consider the following taxes.

A. Corporation tax
B. Customs duty
C. Wealth tax
D. Excise duty

Which of these is/are indirect taxes?

(a) A only
(b) Band D
(c) A and C
(d) B and C

4. Convertibility of the rupee implies

(a) being able to convert rupee notes into gold
(b) allowing the value of the rupee to be fixed by market forces
(c) freely permitting the conversation of rupee of other major currencies and vice versa
(d) developing an international market for currencies in India

5. Corporation tax

(a) is levied and appropriated by the States
(b) is levied by the Union and collected and appropriated by the States
(c) is levied by the Union and shared by the Union and the States
(d) is levied by the Union and belongs to it exclusively

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1(c), 2(c), 3(b), 4(c), 5(d)