Economics Important Questions Set-9 for SSC CGL and SSC CHSL Exam
Economics Important Questions Set-9 for SSC CGL and CHSL Exam. Hello readers, today we are sharing Economics Important Questions Set-9 containing 28 Multiple Choice Questions with answers. These questions are very important for SSC CGL, SSC CHSL or 10+2 and other competitive exams. We have collected these questions from various previous years examinations of SSC CGL and SSC CHSL. We hope this will helpful for your comp. exams preparation.
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1. Taxation is a tool of–
2. The Fringe Benefit Tax was introduced in the budget of–
3. The government set-up a committee headed by the Chairman. Central Board of Direct Taxes sometime back to go into–
(a)Codification of tax laws
(b)The entire structure of tax laws including the question of imposition of bank tax
(c)The concerns of the foreign investors in India with regards to taxation matters
(d)Aspects of generation of black money, its transfer abroad and bringing back such money into India’s Legitimate Financial System.
4.Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states?
(a)Expenditure Tax and Gift Tax
(b)Additional duties of excise in lieu of sales tax
(c)Stamps and Registration
(d)Taxes on Advertisement
5.Which of the following is not the source of the revenue of Central Government?
(c)Agricultural Income Tax
6. The Report of Vijay Kelkar Committee relates to–
(b)Centre-state financial relations
(c)Disinvestment in public sector enterprises
7.Which of the following taxes is not collected by the Central Government?
8.Excise duty on a commodity is payable with reference to its–
(b)Production and Sale
(c)Production and Transportation
(d)Production, Transportation and Sale
9.If the tax rate increases with the higher level of income, it shall be called–
(c)Lump sum Tax
10.Which of the following sets belong to Central tax?
(a)Excise Duty, Sales Tax and Customs Duty
(b)Excise Duty, Customs Duty and Income Tax.
(c)Income Tax, Customs Duty and House Tax
(d)Customs Duty, Entertainment tax and Income Tax
11.Which of the following taxes is not shared between the union and the states?
12.Which of the following taxes is levied by the Union and appropriated and planned by the states?
(d)Passenger and Freight Duty
13.Interest on public debt is part of–
(a)Transfer payments by the enterprises
(b)Transfer payments by the government
(d)Interest payments by households
14. Which of the following taxes is such which does not cause rise in price?
15. Who among the following has suggested tax on expenditure?