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Sources of revenue 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
Sources of revenue MCQ Questions
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7.
The most common and important tax levied on an individual in India is
A.
Service tax
B.
Excise duty.
C.
Income tax
D.
Central sales tax
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ANSWER
:
C. Income tax
8.
The three levels of governments in India are
A.
Union, state and local
B.
Central, state and village
C.
Union, municipality and panchayat
D.
None of the above
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ANSWER
:
A. Union, state and local
9.
In India, taxes are including
A.
Direct taxes
B.
Indirect taxes.
C.
Both (a) and (b)
D.
None of these
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ANSWER
:
C. Both (a) and (b)
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