General Knowledge MCQs & Hindi GK Quizzes

Question #69192

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

A Tax revenue

B Domestic borrowing

C Foreign borrowing

D Printing paper currency

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Question #69191

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

A Capital gains tax

B Fringe benefit tax

C Tax of company profit

D Minimum alternative tax

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Question #69190

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

A Gift tax, Holding tax

B Sales tax, Income tax

C Wealth tax, Land revenue

D Custom duty, Corporation tax

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Question #69189

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

A Devolution of Income Tax

B Devolution of Excise Duty

C Award of grants-in-aid

D Devolution of Trade Tax

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Question #69188

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

A Corporation Tax

B Estate Tax

C Tax on profession, trade and callings

D Succession Duty

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Question #69187

The recommendations of the Kelkar Task Force relate to?

A Trade

B Banking

C Foreign Investment

D Taxes

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Question #69186

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

A Kelkar Committee

B Chellia Committee

C Narsimhan Committee

D Vaghul Committee

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Question #69185

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

A Income tax, Corporate tax, Custom Duty

B Income tax, Corporate tax, Excise Duty

C Excise Duty, Sales on Income, Corporate tax

D Excise Duty Sales on Income, Custom Duty

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Question #69184

The recommendations of the Sarkaria Commission relate to?

A Distribution of Revenue

B Powers and functions of the President of India

C Membership of Parliament

D Centre-State relations

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Question #69183

13thFinance Commission has been constituted under the Chairmanship of?

A Vijay L. Kelkar

B Y.S.P. Thorat

C Montek singh Ahluwalia

D C.Rangrajan

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