Q.17 As compared to revenue deficit, fiscal deficit will always remain.
(A) Higher
(B) Lower
(C) Same
(D) All of there
Q.18 Who had suggested an imposition of expenditure tax in India for first time?
(A) Kalachi
(B) Kaldor
(C) R.J. Chelliah
(D) Gautam Mathur
Q.19 If interest payment is added to primary deficit, it is equivalent to….
(A) Budget deficit
(B) Fiscal deficit
(C) Revenue deficit
(D) Deficit financing
Q.20 When was the Wealth tax first introduced in India?
(A) 1948
(B) 1957
(C) 1976
(D) 1991
Q.21 The recommendations of Kelkar Task force is associated with?
(A) Banking
(B) Taxes
(C) Foreign Investments
(D) Business
Q.22 Which of the following deficit gives major contribution to total deficit of Government of India?
()A Land Revenue
(B) Budgetary Deficit
(C) Fiscal Deficit
(D) Primary Deficit
Q.23 Which of the following taxes duties is not under the jurisdiction of the Central Government?
(A) land revenue
(B) personal income tax
(C) corporate income tax
(D) custom duties
Q.24 National income is the
a) Net National Product at Market price
b) Net National product at factor coast
c) net domestic product at market price
d) net domestic product at factor cost
If you have any problem or doubt regarding Income Tax questions with answers, you can ask me in the comment section.
Like and Share with your friends.
Get the Examsbook Prep App Today