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Economy MCQ practice free online · page 26

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. 251UPSC1997EconomyEnglish

    A redistribution of income in a country can be best brought through

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    Correct option: B — Progressive taxation combined with regressive expenditure

  2. 252UPSC1997EconomyEnglish

    The Minimum Alternate Tax (MAT) was introduced in the Budget of the Government of India for the year

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    Correct option: D — 1996-97

  3. 253UPSC2003EconomyEnglish

    Consider the following statements. In India, Stamp duties on financial transactions are 1. Levied and collected by the state 2. Appropriated by the Union Government Which of these statement(s) is/are correct?

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    Correct option: D — Neither 1 nor 2

  4. 254BPSC2017EconomyEnglish

    Which of the following tax is levied by Union but collected and appropriated by States?

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    Correct option: A — Stamp Duties

  5. 255BPSC2015EconomyEnglish

    Service Tax in India was introduced in the year

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    Correct option: A — 1994-95

  6. 256HPPSC2010EconomyEnglish

    Consider the following taxes. 1. Sales Tax 2. Income Tax 3. Corporate Tax 4. Entertainment Tax Which of the above taxes are levied by the state government and not shared by central government?

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    Correct option: D — Only 1 and 4

  7. 257HPPSC2010EconomyEnglish

    Consider the following in relation with Corporate tax. 1. Total turnover of the company 2. Profit after distribution of dividend 3. Profit before distribution of dividend 4. Capital employed in the company Which one of the above is basis of corporate tax?

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    Correct option: C — 3 alone

  8. 258HPSC2014EconomyEnglish

    Find the tax which is direct tax among the following.

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    Correct option: A — House Tax

  9. 259BPSC1992EconomyEnglish

    The most important source of revenue for Indian Government is

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    Correct option: A — Direct Tax

  10. 260UPSC2010EconomyEnglish

    Consider the following statements. In India, taxes on transactions in Stock exchanges and Futures Markets are 1. Levied by the union 2. Collected by the States Which of the statement(s) given above is/are correct?

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    Correct option: A — Only 1

Economy practice — common questions

Page 26 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".