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Fiscal Policy and Monetary Policy TNPSC Group 1 Questions
TNPSC Group 1 SYLLABUS
Indian Economy
Nature of Indian Economy
Five Year Plan Models-An Assessment
Planning Commission and Niti Ayog
Sources of revenue
Reserve Bank of India
Fiscal Policy and Monetary Policy
Finance Commission
Resource sharing between Union and State Governments
Goods and Services Tax
Structure of Indian Economy and Employment Generation
Land reforms and Agriculture
Application of Science and Technology in agriculture
Industrial growth
Rural welfare oriented programmes
Social problems-Population, education, health, employment, poverty
Fiscal Policy and Monetary Policy MCQ Questions
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7.
The most important source of public revenue is
A.
taxes
B.
interest
C.
dividends and profits
D.
license fees
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Error
ANSWER
:
A. Taxes
8.
If a perosn gets the prize of state lottery,which of the following taxes will he have to pay?
A.
Commercial tax
B.
Entertainment tax
C.
Income tax
D.
Wealth tax
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ANSWER
:
C. Income tax
9.
________ is an indirect tax?
A.
Customs duty
B.
Corporation Tax
C.
Wealth tax
D.
Gift tax
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ANSWER
:
A. Customs duty
10.
Exicse duties are taxes on
A.
sale of goods
B.
import of Commodities
C.
export of commodities
D.
production of commodities
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ANSWER
:
D. production of commodities
11.
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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ANSWER
:
C. direct and progressive
12.
Professional tax is levied by
A.
Central Government
B.
State Government
C.
Local Bodies
D.
Foreign Government
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ANSWER
:
C. Local Bodies
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