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Economy MCQ practice free online · page 25

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. 241UPPSC2014EconomyEnglish

    The objective of SEZ is

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    Correct option: A — Promotion of Goods and Services

  2. 242UPPSC2004EconomyEnglish

    Which of the following taxes is levied and collected by the Union but distributed between Union and States?

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    Correct option: B — Tax on income other than on agricultural income

  3. 243BPSC2001EconomyEnglish

    Which tax is levied and collected by the Union Government but distributed between the Union and the States?

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    Correct option: B — Central Excise duty

  4. 244UPSC1999EconomyEnglish

    Which one of the following statements regarding the levying, collecting and distribution of Income Tax is correct?

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    Correct option: A — The Union levies, collects and distributes the proceeds of income tax between itself and the states

  5. 245UPPSC2006EconomyEnglish

    The tax on Import and Export is known as

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    Correct option: C — Custom Duty

  6. 246UPPSC2010EconomyEnglish

    Who had suggested an imposition of ‘expenditure tax’ in India for the first time?

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    Correct option: B — Kaldor

  7. 247UPPSC2011EconomyEnglish

    The main source of revenue for the National Highway Authority of India is

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    Correct option: A — Cess

  8. 248UPPSC2011EconomyEnglish

    MODVAT is related to

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    Correct option: B — Value Added Tax (VAT)

  9. 249UPPSC2013EconomyEnglish

    Which one of the following is not a tax/duty levied by the Government of India?

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    Correct option: D — Toll Tax

  10. 250UPSC2001EconomyEnglish

    Consider the following taxes. 1. Corporation Tax 2. Customs Duty 3. Wealth Tax 4. Excise Duty Which of these is/are indirect taxes?

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    Correct option: B — 2 and 4

Economy practice — common questions

Page 25 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".