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Economy MCQ practice free online · page 27

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. 261UPSC2010EconomyEnglish

    Consider the following actions by the government. 1. Cutting the tax rates 2. Increasing the government spending 3. Abolishing the subsidies In the context of economic recession, which of the above actions can be considered a part of the ‘fiscal stimulus’ package?

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    Correct option: A — 1 and 2

  2. 262RPSC2018EconomyEnglish

    What has been kept under the purview of Goods and Services Tax (GST)?

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    Correct option: D — Ghee

  3. 263UPPSC2018EconomyEnglish

    Direct Tax Code in India is related to which of the following?

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    Correct option: B — Income Tax

  4. 264UPPSC2018EconomyEnglish

    Which of the following taxes is levied by the Gram Panchayats?

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    Correct option: C — Tax on local fairs

  5. 265UPSC2018EconomyEnglish

    Consider the following items. 1. Cereal grains hulled 2. Chicken eggs cooked 3. Fish processed and canned 4. Newspapers containing advertising material Which of the above item is/are exempted under GST (Goods and Service Tax)?

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    Correct option: A — Only 1

  6. 266UPPSC1995EconomyEnglish

    According to the Tenth Finance Commission the share of resources to be transferred to states from the divisible pool will be

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    Correct option: A — 29%

  7. 267UPPSC2006EconomyEnglish

    The Finance Commission is primarily concerned with recommending to the President about

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    Correct option: D — Both (A) and (B)

  8. 268UPPSC2007EconomyEnglish

    The distribution of finance between centre and states is done on the recommendation of

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    Correct option: B — Finance Commission

  9. 269UKPSC2016EconomyEnglish

    According to the 14th Finance Commission, the percentage share of States in the net proceeds of the shareable Central tax revenue should be

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    Correct option: D — 42%

  10. 270HPPSC2011EconomyEnglish

    As per 13th Finance Commission Recommendations during 2010-15 transfer to the states in the form of ‘grant-in-aid’ are expected to be

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    Correct option: C — ₹ 3,18,581 crore

Economy practice — common questions

Page 27 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".