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MCQs

Total Questions : 10
Question 1.


Which of the following is not a central government tax?


  1.     Income tax
  2.     Customs
  3.     Land revenue
  4.     Corporation tax
 Discuss Question
Answer: Option C. -> Land revenue
:
C

(c)


Question 2.


The reversal of British Indian Policy from free trade to discriminating protection in 1923 was the result of:


  1.     Montague-Chelmsford Reforms
  2.     the recommendation of Fiscal Commission
  3.     Swadeshi movement
  4.     changes in American trade policies
 Discuss Question
Answer: Option B. -> the recommendation of Fiscal Commission
:
B

(b)


Question 3.


Private sector cannot be expected to invest in public goods because:


  1.     the returns on public goods are not attractive
  2.     the problem of non-exclusion
  3.     cost recovery is not adequate
  4.     no direct return on investment
 Discuss Question
Answer: Option D. -> no direct return on investment
:
D

(d)


Question 4.


Identify one area which has not been listed as a National Thrust Area by the Investment Commission for enhancing growth:


  1.     Pharmaceuticals
  2.     Tourism
  3.     Textiles
  4.     Agro-processing
 Discuss Question
Answer: Option A. -> Pharmaceuticals
:
A

(a)


Question 5.


Which one of the following taxes is not shared by the central government with the states?


  1.     Union excise duties
  2.     Customs duty
  3.     Income tax
  4.     Estate duty
 Discuss Question
Answer: Option B. -> Customs duty
:
B

(b)


Question 6.


How does the National Rural Livelihood Mission seek to improve livelihood options of rural poor?
1. By setting up a large number of new manufacturing industries and agribusiness centres in rural areas
2. By strengthening 'self-help groups' and providing skill development
3. By supplying seeds, fertilizers, diesel pump-sets and micro-irrigation equipment free of cost to farmers.Select the correct answer using the codes given below:


  1.     1 and 2 only
  2.     2 only
  3.     1 and 3 only
  4.     2 and 3
 Discuss Question
Answer: Option B. -> 2 only
:
B

(B)


Question 7.


Consider the following statements in relation to the National Investment Fund (NIF) 2006:


  1.     NIF will consist of proceeds from disinvestment of government equity in PSUs.
  2.     It would be maintained outside the Consolidated Fund of India.
  3.     The Fund will be used to finance selected social sector schemes.
  4.     Some portion of the Fund will also be utilized for investment in loss-making PSUs.
 Discuss Question
Answer: Option D. -> Some portion of the Fund will also be utilized for investment in loss-making PSUs.
:
D

(d)


Question 8.


Which among the following is not one of the important gold mines in the country?


  1.     Kolar
  2.     Hospet
  3.     Ramgiri
  4.     Hutti
 Discuss Question
Answer: Option B. -> Hospet
:
B

(b)


Question 9.


Under the Buffer Stocking Policy of food grains, the peak storage of food grains to be maintained in the Central Pool by the public agencies will be on:


  1.     1 April
  2.     1 October
  3.     1 July
  4.     1 December
 Discuss Question
Answer: Option C. -> 1 July
:
C

(c)


Question 10.


Out of the following which one contributes the minimum amount to the Government's tax revenue?


  1.     Central excise
  2.     Customs
  3.     Wealth tax
  4.     Income tax
 Discuss Question
Answer: Option C. -> Wealth tax
:
C

(c)


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