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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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13.
Which of the following is the largest single source of the Government's earning from tax revenue?
A.
Excise duty
B.
Customs duty
C.
Corporation tax
D.
Income tax
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Error
ANSWER
:
C. Corporation tax
14.
Which of the following is / are direct tax(es)?
A.
Corporation Tax
B.
income tax
C.
Wealth tax
D.
All the above
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ANSWER
:
D. All the above
15.
Which of the following is / are indirect tax(es)?
A.
Customs duty
B.
Excise duty
C.
Corporation Tax
D.
Both (A) and (B)
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ANSWER
:
D. Both (A) and (B)
16.
________ is direct tax, __________ is a indirect tax.
A.
Sales tax, Gift tax
B.
Gift tax, Sales tax
C.
Gift tax, Wealth tax
D.
Excise duty, Sales tax
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ANSWER
:
B. Gift tax, Sales tax
17.
Out of the following which one contributes the minimum amount to the Government's tax revenue?
A.
Excise duty
B.
Wealth tax
C.
Income tax
D.
Customs duty
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View Answer
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Error
ANSWER
:
B. Wealth tax
18.
Which of the following is the major source of Government's revenue?
A.
Direct taxes
B.
indirect taxes
C.
license fees
D.
dividends and profits
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ANSWER
:
B. indirect taxes
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