Daily MCQ Quiz

Test your knowledge with our daily updated questions.

General Knowledge MCQs

Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #69154
Finance Commission is constituted?
A Every year
B Once in two years
C Once in four years
D Once in five years
Discuss
Quiz #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
Discuss