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36 . VAT is imposed—
A. Directly on consumer
B. On final stage of production
C. On first stage of production
D. On all stages between production and final sale

37 . Kutir Jyoti scheme is associated with—
A. Promoting cottage industry in villages
B. Promoting employment among rural unemployed youth
C. Providing electricity to rural families living below the poverty line
D. All of these

38 . ‘Mid-day Meal’ scheme was started in the year—
A. 1998 B. 1997
C. 1996 D. 1995

39 . The central banking functions in India are performed by the
A. Central Bank of India
B. Reserve Bank of India
C. State Bank of India
D. Punjab National Bank

40 . Development expenditure of the Central government does not include
A. defence expenditure
B.
expenditure on economic services
C. expenditure on social and community services
D. grant to states




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