RRB JE Taxation — practice questions

Explore 2 free Taxation questions in RRB JE Economy. Open each question or exercise to read its content, reference answers and available explanation.

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Taxation questions and exercises with answers

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With reference to the Indian economy, “Collateral Borrowing and Lending Obligations” are the instruments of :Read the answer and worked solution →UPSC · Direct vs Indirect TaxesRead the answer and worked solution →

Worked practice questions

With reference to the Indian economy, “Collateral Borrowing and Lending Obligations” are the instruments of :

Bond market
Forex market
Money market
Stock market

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Correct answer: C. Money market

Answer: C. Collateralized Borrowing and Lending Obligation (CBLO) is a MONEY MARKET instrument. CBLO is a money-market product introduced by Clearing Corporation of India Ltd (CCIL) in 2003 for short-term funds. It allows borrowing and lending against eligible collateral (mainly G-Secs) with maturities ranging from one day to one year. Discontinued in 2018 and replaced by the Tri-party Repo (TREPS). CBLO/TREPS are short-tenor instruments serving banks, mutual funds, insurance companies and other institutions for liquidity management. The money market deals with such short-term debt instruments (typically less than one year), as opposed to bond market (long-term debt), forex (currency), or stock market (equities). Source: RBI Money Market documentation / CCIL website.

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UPSC · Direct vs Indirect Taxes

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Items

Item
Income Tax
Answer
left
Item
Goods and Services Tax
Answer
right
Item
Corporate Tax
Answer
left
Item
Customs Duty
Answer
right
Item
Capital Gains Tax
Answer
left
Item
Excise Duty
Answer
right

Categories

Left: Direct tax
Right: Indirect tax

Instructions

Sort each tax: directly paid or collected from a third party?

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