Indian Economy MCQ-219

Economy online Exam WBPSC,RRB,CDS,TET,UPPSC,NDA/NA,Civils Prelims,HPPSC Exams



Which of the following is NOT a tax / duty levied by the Government of India ?

 
 
 
 

Which of the following taxes is collected by the Government on sale of goods and services in the country ?

 
 
 
 

Fiscal deficit is :

 
 
 
 

Which of the following is NOT the part of the structure of the Financial System in India ?

 
 
 
 

As we all know Government of India collects tax revenue on various activities in the country. Which of the following is a part of the tax revenue of the Government ?
1 . Tax on Income
2 . Tax on Expenditure
3 . Tax on Property or Capital Assets
4 . Tax on Goods and Services

 
 
 
 

Which of the following is NOT a source of tax revenue collected by the Government of India ?

 
 
 
 

Which of the following is/are some of the recommendations of the Raghurajan Committee on financial sector reforms ?
1 . Target inflation control rather than controlling money supply
2 . Open Corporate and Government Bond markets
3 . Provide liberal regulations for mergers ana acquisitions

 
 
 
 

The amount of which of the following reflects the overall budgetary position of the Government of India at a given time.

 
 
 
 

Which of the following taxes is NOT levied by the Union Government ?

 
 
 
 

Service Tax was introduced in India for the first time in the year :

 
 
 
 

Which of the following commission set up by the President of India decides the distribution of tax incomes between the Central and State Governments ?

 
 
 
 

Which of the following is/are the components of the Fiscal Deficit ?
Budgetary Deficit
Market Borrowings
3 . Expenditure made from Pradhan Mantri Rahat Kosh

 
 
 
 

Which of the following is true about Value Added Tax (VAT) ?
1 . It is a consumption tax levied on value added to the product on every stage of its production.
2 . VAT is levied by the Union Government and only a small part goes to State Governments.
3 . The income tax on retailers is now decided on the basis of their VAT collection in a year,

 
 
 
 

Many a time we read in financial newspapers about Public Debt. Which of the following is/are the components of Public Debt ?
1 . Market Loans
2 . External Loans
3 . Outstanding against saving schemes / provident funds

 
 
 
 

Which of the following is/are the Non-Tax Revenue components of the Union Budget of India ?
1 . Custom Duties
2 . Interest Receipts
3 . Dividends and Profits

 
 
 
 

As we all know, Government of India pays special emphasis on the management of Fiscal Deficit. What is Fiscal Deficit ?

 
 
 
 

Which of the following is/are the function/functions of of the Finance Commission of India ?
1 . Distribution of the net proceeds of the taxes which are divisible between the Union and the States.
2 . They recommend the principles which should govern the grant-in-aid of the revenues of the States out of the Consolidated Fund of India.
Select the correct answer using the code given below :

 
 
 
 

Which among the following is the exclusive jurisdiction of the State Government ?

 
 
 
 

The Indian Income Tax is :

 
 
 
 

Which one of the following is the most important item of expenditure of the Government of India on revenue account ?

 
 
 
 

Which is the tax that is imposed by the Central Government of India but its revenue is divided between Centre and States ?

 
 
 
 

Which two of the following taxes are indirect taxes ?

 
 
 
 

Recommendations to the President of India on the specific Union

 
 
 
 

Who is the Chairman of the 12th Finance Commission ?

 
 
 
 

Economic Planning is in :