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Economy MCQ practice free online · page 27

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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
262RPSC2018EconomyEnglish
What has been kept under the purview of Goods and Services Tax (GST)?
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Correct option: D — Ghee
263UPPSC2018EconomyEnglish
Direct Tax Code in India is related to which of the following?
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Correct option: B — Income Tax
264UPPSC2018EconomyEnglish
Which of the following taxes is levied by the Gram Panchayats?
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Correct option: C — Tax on local fairs
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
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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%
267UPPSC2006EconomyEnglish
The Finance Commission is primarily concerned with recommending to the President about
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Correct option: D — Both (A) and (B)
268UPPSC2007EconomyEnglish
The distribution of finance between centre and states is done on the recommendation of
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Correct option: B — Finance Commission
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%
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.

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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.

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Economy MCQ practice free online · page 27

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?

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

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

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

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)?

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

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

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

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

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

Economy practice — common questions