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Question Detail

Exise duty is imposed on

  • Sale of an item
  • Production of an item
  • Consumption of an item
  • All of above

Answer: Option B

Explanation:

Exise duty is imposed on Production of an item so it is a commodity tax.

Similar Questions :

1. Deficit financing implies :

  • printing new currency notes
  • public revenue in excess of public expenditure
  • public expenditure in excess of public revenue
  • replacing new currency with worn out currency

Answer: Option C

2. The progress in increase of fish production was called

  • Yellow revolution
  • White revolution
  • Brown revolution
  • Blue revolution

Answer: Option D

3. Which one among the following formulates the fiscal policy in India ?

  • Planning Commission
  • Finance Commission
  • The Reserve Bank of India
  • Ministry of Finance

Answer: Option D

4. What is term Hot Money used for ?

  • black money
  • white money
  • a money which is hard to come but easy to go
  • a money which comes easily and goes easily too

Answer: Option D

5. Mahila Samridhi Yojana started in ?

  • 1992
  • 1993
  • 1994
  • 1995

Answer: Option B

Explanation:

Mahila Samridhi Yojana started on 2 October, 1993.

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