download Mastguru Android App

Question Detail

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. Which is not a Kharif Crop ?

  • Jowar
  • Maize
  • Groundnut
  • Wheat

Answer: Option D

2. Gross domestic capital formation is defined as

  • flow of expenditure devoted to increased or maintaining of the capital stock
  • expenditure incurred on physical assets only
  • production exceeding demand
  • net addition to stock after depreciation

Answer: Option D

3. Industrial Finance Corporation of India (IFCI) was established in :

  • 1946
  • 1947
  • 1948
  • 1949

Answer: Option C

Explanation:

Industrial Finance Corporation of India (IFCI) was established in 1948,
Its main functions are Project Finance and Promotional services.

4. National Agriculture Insurance Scheme was implemented on

  • Oct. 1997
  • Oct. 1998
  • Oct. 1999
  • Oct. 2000

Answer: Option C

5. Sales Tax is

  • Direct Tax
  • Indirect Tax
  • Tax imposed by central government
  • Tax imposed by state government

Answer: Option B

Explanation:

Direct Taxes are : Income Tax, Property Tax, Gift Tax etc.

Indirect Taxes are : Sales Tax, Excise Tax, Custom Duty etc.

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 ....

Mastguru Youtube Channel

Videos @mastguru

Free useful videos - Subscribe Mastguru
 

Get Free Current Affairs and Govt Jobs Alerts in your mailbox

To Appreciate Our Effort, Please Like Us

Quantitative Aptitude
English Aptitude
Reasoning Aptitude
Computer Awareness
General Knowledge
Current Affairs
IT Officer Aptitude
Programming Aptitude
Latest Govt Jobs