General Knowledge MCQs & Hindi GK Quizzes

Question #69172

Which is the tax that imposed by the Central Government of India but its revenue is divided between Centre and States?

A Custom Duty

B Corporation Tax

C Central Excise Duty

D None of these

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Question #69171

Which one of the following is the most important item of expenditure of the Government of India on revenue account?

A Defence

B Subsidies

C pensions

D Interest payments

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Question #69170

The Indian Income Tax is?

A Direct and proportional

B Indirect and proportional

C Direct and progressive

D Indirect and progressive

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Question #69169

Which among the following is the exclusive jurisdiction of the State Government?

A Sales Tax

B Income Tax

C Corporation Tax

D Custom Duty

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Question #69168

Which of the following commission set up by the President of India decides the distribution of tax incomes between the Central and State Government?

A Central Law Commission

B Pays Commission for Government Employees

C Finance Commission

D Planning Commission

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Question #69167

Service Tax was introduced in India for the first time in the year?

A 1980-81

B 1985-86

C 1994-95

D 2004-05

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Question #69166

Which of the following taxes is NOT levied by the Union Government?

A customs

B Land Revenue

C Income Tax

D Surcharge on Income Tax

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Question #69165

The amount of which of the following reflects the overall budgetary position of the Government of India at a given time?

A Revenue Deficit

B Total amount of income tax collected

C Capital Deficit

D Fiscal Deficit

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Question #69164

Which of the following is NOT a source of tax revenue collected by the Government of India?

A Custom Duty

B Dividends and Profits

C Service Duty

D Income Tax

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Question #69163

Which of the following is NOT the part of the structure of the Financial System in India?

A Industrial Finance

B Agriculture Finance

C Government Finance

D Personal Finance

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