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Economics |
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| 226)The most important source of public revenue is | |||
| interest | taxes | ||
| licence fee | dividents and profit | ||
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| 227)Which of the following is the largest single source of the Government's earning from tax revenue? | |||
| customs | exise | ||
| income tax | corporation tax | ||
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| 228)Out of the following which one contributes the minimum amount to the Government's tax revenue? | |||
| exicise | customs | ||
| income tax | wealth tax | ||
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| 229)Which of the following is the major source of Government revenue | |||
| indirect taxes | direct taxes | ||
| interest | dividents and profits | ||
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| 230)Which of the following taxes is not shared by the Central Government with the states? | |||
| custom duty | union excise duties | ||
| income tax | estate duty | ||
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| 231)Which of the following is not a Central Government tax? | |||
| customs | income tax | ||
| corporation tax | land revenue | ||
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| 232)Which of the following is a direct tax? | |||
| sales tax | excise duty | ||
| estate duty | entertainment tax | ||
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| 233)Which of the following is an indirect tax? | |||
| wealth tax | corporation tax | ||
| customs | gift tax | ||
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| 234)Which of the following are direct taxes? 1. corporation tax 2. income tax 3. wealth tax 4. gift tax |
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| 1 and 2 | 1, 2 and 3 | ||
| 1, 3 and 4 | all of them | ||
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| 235)Which of the following are indirect taxes? 1. customs 2. excise tax 3. corporation tax 4. sales tax |
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| 1 and 2 | 1, 3 and 4 | ||
| 1, 2 and 4 | all of them | ||
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| 236)A tax that takes away a higher proportion of one's income as the income rises is termed as a | |||
| proportional tax | progressive tax | ||
| regressive tax | indirect tax | ||
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| 237)In a developing economy there is a case for | |||
| progressive taxation | regressive taxation | ||
| no taxation | proportional taxation | ||
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| 238)The Indian income tax is | |||
| indirect and proportional | direct and proportional | ||
| direct and progressive | indirect and progressive | ||
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| 239)The Finance Commission is appointed at expiry of ______ years or earlier. | |||
| 4 | 5 | ||
| 6 | 7 | ||
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| 240)The Reserve bank of India was established in | |||
| 1920 | 1923 | ||
| 1935 | 1947 | ||
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