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Fiscal Policy and Monetary Policy


19. 

Direct tax code had come into force from

Answer : A. 1st April , 2012

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20. 

MAT is new tax introduced in the 1996-97 Budget.It relates to

Answer : B. Customs duty for aircrafts imported by Indian Airlines and Air India

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21. 

Which of the following is a direct tax?

Answer : B. Estate duty

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22. 

Match the following

List I List II
a) Dutt Committee 1) Industrial Licensing
b) Wanchoo Committee 2) Direct Taxes
c) Rajamannar Committee 3) Centre-State Fiscal relations
d) Chakravarthy Committee 4) Monetary System

Answer : C. a-1,b-2,c-3,d-4

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23. 

Indirect tax means

Answer : D. there is no direct relationship between the taxpayer and the Government

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24. 

The federal form of government consists of

Answer : B. central, state and local government

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