Q1. High-powered money is produced by?
(a) Commercial Banks
(b) Co-operative Banks
(c) Ministry of Finance
(d) Reserve Bank of India
(e) None of the above
Q2. Which of the following Indian Act has been replaced by the enactment of FEMA in 1999?
(a) FERA
(b) Indian Copyright Act
(c) Indian Patent Act
(d) Both (b) and (C)
(e) None of the above
Q3. VAT is imposed on.........?
(a) Directly on
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