Arijit Basu Chowdhury is teaching live on Unacademy Plus
ECONOMICS Indian Fiscal System ARIJIT BASU CHOWDHURY Target WBCS(EXECUTIVE)
About Me Graduate in History from St.Paul's Cathedral Mission College, Kolkata Interests: Fitness, Current Affairs ,Burning Issues, Music, News Analysis . You can follow me on UNACADEMY https:/lunacademy.com/userlArijitBasuChowdhury Life has two rules: 1) Never quit. 2) Always remember Rule #1 . Rate, Review & Recommend
MCQs on Indian Fiscal System 1. Income tax, corporate tax, inheritance tax etc. are incident on the person or organisation. These taxes are called a) Local tax b) Indirect tax c) Direct tax d) Rate 2. Rate of growth of an economy is measured in terms of: b) Industrial development a) Per capita income c) Number of people who have been lifted above the poverty line d) National income a) National income b) Per capita income c) Poverty ratio d)Unemployment rate a) GNP b) GDP c) Net revenue d) NNP 3. Which of the following represent the standard of living in a country? 4. Which is the best measure of economic growth of a country ?
MCQs on Indian Fiscal System 5. By which bill does the government make arrangement for the collection of revenues for a year? a) Supplementary Budget b) Finance Bill c) Fiscal Budget d) Economic Bill 6. National income of a country is determined on the basis of a) Total revenue of the state b) Net profit earned and expenditure incurred by the state c) Production of goods and services d) All of these 7. Which of the following is not a method of estimating national income? b) Value-added method d) Export-import method a) Income method c) Expenditure method 8. The national income of India is calculated mainly through a) Production method alone c) Production and expenditure methods d) Production and income method b)Expenditure method alone
MCQs on Indian Fiscal System 9. An ad valorem duty is a tax on the basis of a) the price of a commodity c) the advertisement expenditure d) the unit of the commodity 10. The system of the budget was introduced in india during the viceroyalty of a)Canning b) Dalhouseie c) Ripon d) Elgin b) the value added
MCQs on Indian Fiscal System 1. c) Direct tax 2. d) National income 3. b) Per capita income 4. b) GDP 5. b) Finance Bill 6. c) Production of goods and services 7. d) Export-import method 8. d) production and income method 9. a) the price of a commodity 10. d) Elgin