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Question 1
economy
Which one of the following is an indirect tax levied by the Central Government in India ?
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Correct Answer

Service tax

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Question 2
economy
Who prints and supplies the currency notes in India:
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Correct Answer

Reserve Bank of India

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Question 3
economy
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, popularly known as Black Money Act, 2015 came into effect from :
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Correct Answer

1st July, 2015

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Question 4
economy
Scheme run under MGNREGA are sponsored :
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Correct Answer

partly by the Central Government and partly by the State Government

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Question 5
economy
A closed economy is an economy in which:
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Correct Answer

Neither exports nor imports take place.

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Question 6
economy
If the RBI adopts expansionist open market
operations policy, this means that it will:
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Correct Answer

sell securities in open market

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Question 7
economy
Who was the head of the 10th Finance Commission?
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Correct Answer

K.C. Pant

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Question 8
economy
Existence of huge black money creates
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Correct Answer

increase in the inequality of income

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Question 9
economy
Which of the following does not come under the GST in India ?
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Correct Answer

Petroleum products

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Question 10
economy
Which activity is <i>not</i> included in service sector ?
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Correct Answer

Electricity, gas and water supply

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