Daily MCQ Quiz

Test your knowledge with our daily updated questions.

General Knowledge MCQs

Quiz #69182
The largest item of expenditure in the current account of the Central Government budget is?
A Subsidies
B Defence Expenditure
C Expenditure on social services
D Interest payments
Discuss
Quiz #69181
Which one of the following taxes is levied and collected by the Union but distributed between Union and States?
A Custom Duty
B Tax on Railway fares and freights
C Tax on income other than on agricultural income
D Corporation Tax
Discuss
Quiz #69180
Which one of the following forms the largest share of deficit in Government of India budget?
A Primary deficit
B Revenue deficit
C Budgetary deficit
D Fiscal deficit
Discuss
Quiz #69179
MODVAT is related to?
A Sales Tax
B Wealth Tax
C Income Tax
D Excise Duty
Discuss
Quiz #69178
Fiscal Deficit is?
A Total expenditure – Total receipts
B Revenue expenditure – Revenue receipts
C Capital expenditure – Capital receipt - Borrowings
D Sum of budget deficit and Government’s market borrowings and Liabilities
Discuss
Quiz #69177
From the following which one is NOT a tool of Fiscal policy?
A Taxation
B Public Expenditure
C Interest Rate
D Public Debt
Discuss
Quiz #69176
Economic planning is in?
A Union List
B State List
C Concurrent List
D Not any specific list
Discuss
Quiz #69175
Who is the Chairman of the 12th Finance Commission?
A Prof D.T. Lakarawala
B Dr. C.Rangrajan
C Shri Digvijay Sinha
D Shri K.C.Pant
Discuss
Quiz #69174
Recommendations to the President of India on the specific Union-State fiscal relations are made by the?
A Finance Minister
B Reserve Bank of India
C Planning Commission
D Finance Commission
Discuss
Quiz #69173
Which two of the following taxes are indirect taxes?
A Sales tax and Excise tax
B Sales tax and Income tax
C Income tax and Wealth tax
D Income tax and Excise tax
Discuss