Which is the following is direct tax ?

• Income tax
• Excise duty
• Sales tax
• None of these
Solution
Correct Option: A  [ Income tax ]

Explanation:

The architect of the Second Five Year Plan was :

• Mahatma Gandhi
• Subhash Chandra Bose
• P. C. Mahalanobis
• None of them
Solution
Correct Option: C  [ P. C. Mahalanobis ]

Explanation:

Which of the following benefits is covered under social security schemes ?

• Retirement benefits
• Medical facility
• Compensation facilities
• All of the above
Solution
Correct Option: D  [ All of the above ]

Explanation:

Planning Commission of India was set up by :

• Morarji Desai
• T T Krishnamachari
• Jawaharlal Nehru
• None of the above
Solution
Correct Option: C  [ Jawaharlal Nehru ]

Explanation:

Which activity is not included in service sector ?

• Trade, hotels and restaurants
• Real estate, finance and insurance
• Transport and communication
• Electricity, gas and water supply
Solution
Correct Option: D  [ Electricity, gas and water supply ]

Explanation:

Fiscal policy is connected with:

• exports and imports
• issue of currency
• public revenue and public expenditure
• liquidity of money
Solution
Correct Option: C  [ public revenue and public expenditure ]

Explanation:

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

• lack of employment opportunities in rural areas
• influence of cinema and electronic media
• break up of joint family system
• abolition of zamindari tystem
Solution
Correct Option: A  [ lack of employment opportunities in rural areas ]

Explanation:

Which one of the following is the main source of revenue for the states ?

• Property tax
• Sales tax
• Excise duty
• None of these
Solution
Correct Option: B  [ Sales tax ]

Explanation:

Which of the following is not the part of non-statutory welfare measure ?

• Health
• Education
• Transport
• Employees compensation
Solution
Correct Option: C  [ Transport ]

Explanation:

The Plan launched in the 50th year of Indian Independence was :

• Sixth five year plan
• Eighth five year plan
• Ninth five year plan
• Tenth five year plan
Solution
Correct Option: C  [ Ninth five year plan ]

Explanation: