Q: Which is the following is direct tax ?

A: Income tax

B: Excise duty

C: Sales tax

D: None of these



Income tax


Q: Chairman of the 15th Finance Commission of India-

A: NK Singh

B: YV Reddy

C: Ranghuram Rajan

D: Ramesh Chand



NK Singh


Q: Which of the following is the role of Finance Commission ?

A: Sharing of net proceeds of taxes between the Centre and States.

B: Recommending principles for governing the grants-in-aid to the States by the Centre

C: Recommendations on matters referred to it by the President for the interest of finance

D: All of the above



All of the above


Q: What is hard currency?

A: A stable currency

B: Arranged in war time

C: Issued by IMF

D: Given by RBI to foreign banks



A stable currency


Q: Which of the following does not come under the GST in India ?

A: Agricultural products

B: Handicrafts

C: Gems and jewelries

D: Petroleum products



Petroleum products


Q: In India, present trend of rapid urbanization is due to:

A: lack of employment opportunities in rural areas

B: influence of cinema and electronic media

C: break up of joint family system

D: abolition of zamindari tystem



lack of employment opportunities in rural areas


Q: The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of

A: growth of population

B: increase in price level

C: growth of money supply

D: increase in the wage rate



increase in price level


Q: Major part of the Indian agriculture is characterized by

A: Large size farm

B: Capitalist agriculture

C: Small size farm

D: Co-operative farm



Small size farm


Q: National Food Security Act came into effect in the year:

A: 2012

B: 2013

C: 2014

D: None of the above



2013


Q: Fiscal policy is connected with:

A: exports and imports

B: issue of currency

C: public revenue and public expenditure

D: liquidity of money



public revenue and public expenditure
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