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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. National Rural Employment Guarantee Programme started in ?

  • 2005
  • 2006
  • 2007
  • 2008

Answer: Option B

Explanation:

It started on 2nd Feb, 2006.
Govt. of India renamed it to Mahatma Gandhi National Rural Employment Guarantee Act(MNERGA) on 2nd October, 2009.

2. Industrial Development Bank of India (IDBI) established in

  • 1964
  • 1965
  • 1966
  • 1967

Answer: Option A

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

  • USA
  • UK
  • Australia
  • Russia

Answer: Option D

4. 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.

5. 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

Read more from - Indian Economy Questions Answers
Post a comment

  • Ravindra Chavan 9 years ago

    Its income tax

  • Happy Boy 9 years ago

    Tooo many repetition ....

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