Under perfect competition: [GIC AAO 1993]

Related MCQs

• Which of the following statements is correct? [AAO 1993]
• MODVAT is different from VAT in the sense that: 1. under MODVAT, tax is levied only on value addition while under VAT, excise is imposed on final value and then rebate is given on inputs 2. MODVAT is only at the production stage while VAT extends both to production and distribution stage 3. under MODVAT, excise is levied on final value and then rebate is given on inputs while under VAT, tax is levied only on value addition 4. MODVAT implies rationalization of excise duty only while VAT implies rationalization of excise, sales and turnover taxes etc. also Choose correct answer from:
• In India, the Public Sector is most dominant in : [IAS 1993]
• The basic difference between imperative and indicative planning is that: [IAS 1993]
• The place where bankers meet and settle their mutual claims and accounts is known as : [Bank PO 1993]
• The national income of India is estimated mainly through: [CBI 1993]
• Which of the following are the main causes of slow rate of growth of per capita income in India? [IAS 1993] 1. High capital-output ratio 2. High rate of growth of population 3. High rate of capital formation 4. High level of fiscal deficits
• Companies pay Corporation Tax on their: [UDC 1993]
• Which of the following states ranks first in terms of the maximum number of agrobased industries? [Bank PO 1993]
• In which of the following industries is the maximum number of women employed in India? [CDS 1993]