Question : Buildings, machinery, tools, and equipment are a few examples of the capital goods that firms employ to produce their goods and services.

Option 1: Consumer goods

Option 2: Inferior goods

Option 3: Intermediate goods

Option 4: Capital goods

Question : What will be the effect on inferior commodities when the income of the consumers rises?

Option 1: Negative effect

Option 2: Positive effect 

Option 3: No effect

Option 4: First increase then decrease 

Question : Excise duty is levied on

Option 1: Sale of goods

Option 2: Production of goods

Option 3: Import of goods

Option 4: Export of goods

Question : In India, which of the following taxes is levied by the state government?

Option 1: Excise duty on liquor

Option 2: Capital gains tax

Option 3: Customs tax

Option 4: Corporation tax

Question : The reverse effect of X-ray emission is

Option 1: Raman effect

Option 2: Compton effect

Option 3: Zeeman effect

Option 4: Photoelectric