Top 50 Economics GK Questions
Narasimham Report is related to the reorganization of
(A) Income Tax
(B) Banking Institute
(C) sales tax
(D) Insurance Industry
Correct Answer : B
Krishna revolution is related to?
(A) edible oil production
(B) Krishna Pind
(C) Fertilizer production
(D) from mineral oil production
Correct Answer : D
Chandrasekharan committee is related to?
(A) by shares
(B) education
(C) from space mission
(D) from revenue
Correct Answer : A
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
The writ is issued to enforce Fundamental Rights?
(A) the Supreme Court
(B) the President
(C) Parliament
(D) All these
Correct Answer : A
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
Revised Value Added Tax is related to?
(A) wealth tax
(B) Excise Duty
(C) Income Tax
(D) Sales Tax
Correct Answer : B
Largest producer of cellphones in the world is the country?
(A) China
(B) America
(C) France
(D) India
Correct Answer : A
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
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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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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