MCQ on Indian Economy
GST abolishes which of the following taxes ?
- Corporation tax
- Service tax
- Income tax
- Wealth tax
Explanation:
Existence of huge black money creates
- increase in the inequality of income
- decrease in the quality of output
- high living standard for all
- Both (B) and (C)
Explanation:
New Industrial Policy of India was introduced in the year:
- 1990
- 1991
- 1992
- 1993
Explanation:
Prime Minister Jan Dhan Yojana provides free Accident Insurance upto :
- Rs. 1 lac
- Rs. 1.5 lacs
- Rs. 2 lacs
- Rs. 2.5 lacs
Explanation:
Sarva Shiksha Abhiyan (SSA) was launched in the IXth Five Year Plan for:
- education for all
- education for the weaker sections
- universalisation of elementary education
- bridge all the genders and social gaps in education
Explanation:
Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?
- RBI
- SIDBI
- ICICI
- NABARD
Explanation:
Which of the following products of Tripura ranks Second in all India level in terms of production ?
- Paddy
- Bamboo
- Natural gas
- Natural rubber
Explanation:
The qualification for the Chairman and the members of the Finance Commission are specified in:
- Finance Act of 1951
- Finance Act of 1952
- Finance Act of 1950
- Finance Act of 1953
Explanation:
Which of the following sources provides highest tax revenue to Government of India?
- Personal Income Tax
- Excise Duty
- Corporation Tax
- Customs Duty
Explanation:
Which one of the following is an indirect tax levied by the Central Government in India ?
- Service tax
- Corporate Income tax
- Profession tax
- Agricultural Income tax
Explanation: