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441 . The open market operations refer to the sale and purchase by the RBI of
A. Foreign Exchange
B. Gold
C. Government Securities
D. All of these

442 . VAT scheme is expected to
A. Raise prices of Foreign goods
B. Raise prices of luxury goods
C. Lower prices of goods of everyday use
D. Avoid repeated payment of duty from the raw materials stage to the final product and thus reduce

443 . All revenues received, loans raised and money received in repayment of loans by the Union government go into
A. Public Account of India
B. Contingencey Fund of India
C. Consolidated Fund of India
D. None

444 . Which committee was constituted for reforms in tax structure?
A. Narsimham Committee B. Chelliaha Committee
C. Gadgil Committee D. Kelker Committee

445 . Socialism is in favour of
A. Free Competition B. Planned economy
C. Unplanned economy D. Equal opportunities




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