General Knowledge MCQs & Hindi GK Quizzes

Question #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

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Question #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

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Question #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

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Question #69179

MODVAT is related to?

A Sales Tax

B Wealth Tax

C Income Tax

D Excise Duty

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Question #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

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Question #69177

From the following which one is NOT a tool of Fiscal policy?

A Taxation

B Public Expenditure

C Interest Rate

D Public Debt

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Question #69176

Economic planning is in?

A Union List

B State List

C Concurrent List

D Not any specific list

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Question #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

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Question #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

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Question #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

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सही उत्तर: 1