General Knowledge MCQs & Hindi GK Quizzes

Question #69162

Fiscal deficit is?

A Total income less Government borrowing

B Total payments less total receipts

C Total expenditure less total receipts excluding borrowing

D None of these

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Question #69161

Which of the following taxes is collected by the Government on sale of goods and services in the country?

A NAT

B GET

C SAT

D VAT

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Question #69160

Which of the following is NOT a taxi/duty levied by the Government of India?

A Toll Tax

B Income Tax

C Service Tax

D Custom Duty

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Question #69159

The budgetary deficit in the Union Budget of India is equal to?

A Revenue deficit plus capital deficit

B Revenue deficit plus capital deficit

C Revenue deficit minus capital deficit

D Fiscal deficit minus capital deficit

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Question #69158

Which of the following taxes are levied and collected by the Centre but their net proceeds are wholly transferred to states?

A Expenditure tax and Gift tax

B Additional Duties of Excise in lieu of sales tax

C Stamps and Registration

D Taxes on Advertisements

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Question #69157

Which one of the following is NOT a source of tax revenue in Indian States?

A Land Revenue

B Motor vehicle tax

C Entertainment tax

D Corporate tax

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Question #69156

Which one of the following is NOT the source of revenue of Central Government?

A Income tax

B Corporate tax

C Agriculture Income tax

D Excise duty

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Question #69155

The Report of Vijay Kelkar Committee relates to?

A Trade Reforms

B Centre-State Financial Relations

C Disinvestment in public sector Enterprises

D Tax Reforms

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Question #69154

Finance Commission is constituted?

A Every year

B Once in two years

C Once in four years

D Once in five years

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Question #69153

If the tax rate increases with the higher level of income, It shall be called?

A Proportional tax

B Progressive tax

C Lump sum tax

D Regressive tax

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सही उत्तर: 2