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Sources of revenue TNPSC Group 2 2A Questions
TNPSC Group 2 2A 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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1.
In India, Income Tax wasintroduced for the first timein __________ by Sir James Wilson in order to meet the losses sustained by the Government on account of the Mutiny of 1857.
A.
1857
B.
1858
C.
1859
D.
1860
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ANSWER
:
D. 1860
2.
__________ tax is charged on the benefits derived from property ownership.
A.
Income tax
B.
Wealth tax
C.
Corporate tax
D.
Excise duty
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ANSWER
:
B. Wealth tax
3.
What are identified as causes of black money?
A.
Shortage of goods
B.
High tax rate
C.
Smuggling
D.
All of above
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ANSWER
:
D. All of above
4.
Tax evasion is the illegal evasion of taxes by
A.
Individuals
B.
Corporations
C.
Trusts
D.
All of the above
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ANSWER
:
D. All of the above
5.
Payments are
A.
Fees and fines
B.
Penalities and forfeitures
C.
None of the above
D.
a and b
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ANSWER
:
D. a and b
6.
Which is the role of government and development policies?.
A.
Defence
B.
Foreign policy
C.
Regulate the economy
D.
all of above
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ANSWER
:
D. all of above
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