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Which is the most important source of income for Government of India ?

  • Interest
  • Licence fee
  • Income tax
  • Excise duty

Answer: Option D

Similar Questions :

1. Short-term finance is usually for a period ranging up to

  • 6 months
  • 1 Year
  • 2 Years
  • 5 Years

Answer: Option B

2. 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.

3. Deficit financing means that the government borrows money from the ?

  • Revenue Department
  • World Bank
  • RBI
  • None of above

Answer: Option C

4. What is FEMA ?

  • First Exchange Management Act
  • Foreign Exchequer Management Act
  • Foreign Exchange Management Act
  • Foreign Evaluation Management Act

Answer: Option C

Explanation:

FEMA is Foreign Exchange Management Act, it came into force in July 2000. It replaced Foreign Exchange Regulation Act 1973.

5. The bank which has the highest number of branches in the world is ?

  • State Bank of India
  • RBS
  • London Bank
  • Canara Bank

Answer: Option A

Read more from - Indian Economy Questions Answers
Post a comment

  • Ravindra Chavan 8 years ago

    Its income tax

  • Happy Boy 9 years ago

    Tooo many repetition ....

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