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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. National Rural Employment Programme started in ?

  • 1979
  • 1980
  • 1981
  • 1982

Answer: Option B

2. What is Autarchy ?

  • Gradual increase of economy.
  • Gradual decline of economy.
  • Self sufficiency and self reliance of economy.
  • Dependence of economy on external factors.

Answer: Option C

3. Which one of the following is the banker of the banks ?

  • State Bank of India
  • Reserve Bank of India
  • Punab National bank
  • Central Bank of India

Answer: Option B

4. The concept of Economic Planning in India is derived from ?

  • USA
  • UK
  • Australia
  • Russia

Answer: Option D

5. Life Insurance Corporation (LIC) of India was established in ?

  • 1955
  • 1956
  • 1957
  • 1958

Answer: Option B

Explanation:

Life Insurance Corporation (LIC) of India was established in September 1956.

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