In Income Tax, Assessee is :

• a person who pays income tax
• a person who deducts income tax from its employees
• a person who prepares income tax Return of tax payers
• None of these
Correct Option: A  [ a person who pays income tax ]

Remark:

The SEBI was given statutory recognition in 1992 on the recommendation of:

• the Chakraborty Commission
• the Chelliah Committee
• the Tendulkar Committee
• the Narasimham Committee
Correct Option: D  [ the Narasimham Committee ]

Remark:

'Economic Survey' is published by:

• The Ministry of Finance
• The Planning Commission
• The Government of India
• The Central Statistical Organization
Correct Option: A  [ The Ministry of Finance ]

Remark:

Who was the head of the 10th Finance Commission?

• K.C. Pant
• Manmohan Singh
• Vasant Sathe
• Shiv Shankar
Correct Option: A  [ K.C. Pant ]

Remark:

"SEBI" stands for the:

• State Earnings Board of India
• Securities and Exchange Bank of India
• Securities and Exchange Board of India
• State Exchange Bank of India
Correct Option: C  [ Securities and Exchange Board of India ]

Remark: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992

The World Trade Organisation has replaced which organisation ?

• ITO
• UNCTAD
• GATT
• OECD
Correct Option: C  [ GATT ]

Remark:

Which one of the following is an indirect tax levied by the Central Government in India ?

• Service tax
• Corporate Income tax
• Profession tax
• Agricultural Income tax
Correct Option: A  [ Service tax ]

Remark:

Which of the following is the role of Finance Commission ?

• Sharing of net proceeds of taxes between the Centre and States.
• Recommending principles for governing the grants-in-aid to the States by the Centre
• Recommendations on matters referred to it by the President for the interest of finance
• All of the above
Correct Option: D  [ All of the above ]

Remark:

SRI, which is highly practiced in Tripura is associated with:

• Rice production
• Rural internal connectivity
• E-marketing
• Regards to elders
Correct Option: A  [ Rice production ]

Remark:

Which among the following in India has the function of recommending Minimum Support Prices for various commodities to the Government ?

• National Farmers Commission
• Commission for Agricultural Costs and Prices
• Central Statistical organization
• Department of Agriculture
Correct Option: B  [ Commission for Agricultural Costs and Prices ]

Remark: