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Top 50 Economics GK Questions

3 years ago 5.9K Views
Q :  

Narasimham Report is related to the reorganization of

(A) Income Tax

(B) Banking Institute

(C) sales tax

(D) Insurance Industry

Correct Answer : B

Q :  

Krishna revolution is related to?

(A) edible oil production

(B) Krishna Pind

(C) Fertilizer production

(D) from mineral oil production

Correct Answer : D

Q :  

Chandrasekharan committee is related to?

(A) by shares

(B) education

(C) from space mission

(D) from revenue

Correct Answer : A

Q :  

Who was the chairman of the first Finance Commission?

(A) K. C. Niyogi

(B) Mahavir Tyagi

(C) Amrish Bagchi

(D) none of these

Correct Answer : A

Q :  

The writ is issued to enforce Fundamental Rights?

(A) the Supreme Court

(B) the President

(C) Parliament

(D) All these

Correct Answer : A

Q :  

Which is the most important item of non-plan expenditure?

(A) Defense

(B) Fertilizer Subsidy

(C) interest payment

(D) none of these

Correct Answer : C

Q :  

Revised Value Added Tax is related to?

(A) wealth tax

(B) Excise Duty

(C) Income Tax

(D) Sales Tax

Correct Answer : B

Q :  

Largest producer of cellphones in the world is the country?

(A) China

(B) America

(C) France

(D) India

Correct Answer : A

Q :  

which of the following direct taxes, does the government receive maximum revenue from?

(A) Income Tax

(B) tax donation

(C) Corporation Tax

(D) Wealth Tax

Correct Answer : C

Q :  

Find the difference between total expenditure and total receipts in the budget figures of the Government of India called?

(A) Fiscal deficit

(B) Revenue deficit

(C) Budgetary deficit

(D) Current deficit

Correct Answer : C

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