A person earns Rs. 2000 per month over and above his salary as additional charge allowance. However, 30% of this additional income will be deducted as additional income tax at source. If the person would deposit Rs. 1000 per month on a long-term saving fetching 12% interest his tax liability on the additional allowance would reduce to 10%. What is the effective interest for this person for money invested in the long-term savings scheme?

Which of the following are among the non-plan expenditures of the Government of India? I. Defence expenditure II. Subsidies III. All expenditures linked with the previous plan periods IV. Interest pay…

Corporation tax

To prevent recurrence of scams in Indian Capital Market, the Government of India has assigned regulatory powers to

Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts?

Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP)? I. To stabilise agricultural prices. II. To ensure meaningful real income levels to the farmers. I…

As part of the liberalisation programme and with a view to attracting foreign exchange, the Government and the RBI have devised two schemes known as FCNR-’A’ and FCNR-’B’. Which of the following is/ar…