Daily MCQ Quiz

Test your knowledge with our daily updated questions.

General Knowledge MCQs

Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #69187
The recommendations of the Kelkar Task Force relate to?
A Trade
B Banking
C Foreign Investment
D Taxes
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss