Indian Economy MCQ-221

Economy Questions for MPPSC,UPPSC,CGPSC,APPSC,RPSC,TNPSC Exams



From the following which one is NOT a tool of Fiscal Policy ?

 
 
 
 

Fiscal Deficit is :

 
 
 
 

MOD VAT is related to :

 
 
 
 

Which one of the following forms the largest share of deficit in Government of India budget:

 
 
 
 

Which one of the following taxes is levied and collected by the Union but distributed between Union and States ?

 
 
 
 

The largest item of expenditure in the current account of the Central Government budget is :

 
 
 
 

13th Finance Commission has been constituted under the Chairmanship of:

 
 
 
 

The recommendations of the Sarkaria Commission relate to :

 
 
 
 

Which one of the following group of taxes collected by the Central Government and shared with the States ?

 
 
 
 

The latest committee to submit its report on tax reforms is known as :

 
 
 
 

The recommendations of the Kelkar Task Force relate to :

 
 
 
 

Under which of the following taxes the total amount payable by an individual is limited by the Constitution?

 
 
 
 

Which of the following statements are true for the Income Tax in India ?
1 . It is a progressive tax.
It is a direct tax.
3 . It is collected by the State Governments.
4 . It is a proportional tax.
Codes:

 
 
 
 

Which one of the following is NOT a function of Finance Commission in India ?

 
 
 
 

Which one of the following sets of sources of revenue belongs to the Union Government alone ?

 
 
 
 

Which one of the following is NOT related with income from corporate sector in India ?

 
 
 
 

A larger part of the fiscal deficit in the Union Budget is filled by :

 
 
 
 

Which one of the following is NOT an objective of fiscal policy of Indian Government ?

 
 
 
 

The tax on import and export is known as :

 
 
 
 

VAT is imposed :

 
 
 
 

The extent of money transfer to the States out of sharable pool of tax collection according to the 12th Finance Commission has been fixed at:

 
 
 
 

With what subject is Raghuram Raj an Committee connected ?

 
 
 
 

If interest payments are subtracted from Gross Fiscal Deficit, the residuary will be :

 
 
 
 

As compared to revenue deficit, fiscal deficit will always remain :

 
 
 
 

Who had suggested an imposition of expenditure tax in India for first time ?