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Economy MCQ practice free online · page 24

Questions from RRB, NTPC, Group D and JE past papers. Tap an option to check it instantly — every question shows the correct answer, and most carry the explanation the paper gave.

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  1. 231UPPSC1998EconomyEnglish

    Which among the following are the sources of revenue for the central Government? 1. Corporate Tax 2. Profit from Public Enterprises 3. Sale of National Savings Certificates 4. Loans received from the World Bank 5. Excise duties Select the correct answer from the codes given below.

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    Correct option: D — All of the above

  2. 232UPPSC2004EconomyEnglish

    The recommendation of the Kelkar Task Force related to

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    Correct option: C — Taxes

  3. 233UPPSC2004EconomyEnglish

    Kelkar Committee, in its second report, has recommended to reduce corporate tax to

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    Correct option: D — 30%

  4. 234UPSC2003EconomyEnglish

    The Kelkar proposals which were

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    Correct option: B — recommendations for tax reforms

  5. 235UPPSC2004EconomyEnglish

    Which of the following statements are true for the Income Tax in India? 1. It is a progressive tax 2. It is a direct tax 3. It is collected by the state Governments 4. It is a proportional tax Choose the correct answer from the codes given below.

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    Correct option: B — Only 1 and 2 are correct

  6. 236UPPSC2004EconomyEnglish

    Which one of the following is correctly matched?

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    Correct option: B — Custom Duty - Indirect Tax

  7. 237UPPSC2005EconomyEnglish

    Which one of the following sets of sources of revenue belongs to the Union Government alone?

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    Correct option: C — Custom duties, Corporation tax

  8. 238UPPSC2005EconomyEnglish

    Which one of the following is not related with income from corporate sector in India?

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    Correct option: B — Minimum alternate tax

  9. 239UPPSC2015EconomyEnglish

    Value Added Tax was first introduced in India in

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    Correct option: C — 2005

  10. 240UPPSC2010EconomyEnglish

    Which among the following are true for Central Sales Tax? 1. It is levied on interstate trade. 2. It is levied in the Union Territories. 3. It is levied in the SEZ. Select the correct answer from the codes given below.

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    Correct option: A — Only 1 and 2

Economy practice — common questions

Page 24 of this set has 10 questions on it.

Are these Economy questions free to practise?
Yes. Every question on this page is free and needs no account. Create a free account only if you want your progress saved.
Where do these Economy MCQs come from?
They are taken from official past papers of Indian government recruitment exams such as RRB NTPC, RRB Group D and RRB JE, and each question keeps a reference to the exam it appeared in.
Are the questions available in Hindi?
Yes. Many papers are set in both languages, so a large share of these questions are available in Hindi. Use the language filter at the top of the page.
Do the questions show answers and explanations?
Every question shows the correct option. Where the source paper included a worked solution, the explanation is shown under "Show answer".