taxes types, methods & budgeting process section 1 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 16

Which department decides the outlay for Centrally Sponsored Scheme (CSS)

a) Public Finance Division under department of Expenditure

b) Economic Division under department of Economic Affairs

c) NITI Aayog

d) None of the above

Question : 17 [UPPCS (Mains) 2008]

Of the following taxes which one is not levied by State Governments?

a) State Excise Duty

b) Agricultural Income Tax

c) Entertainment Tax

d) Corporation Tax

Question : 18 [UPSC (Pre) 1995]

Agricultural Income Tax is assigned to the State Government by

a) The National Development Council

b) The Inter-State Council

c) The Finance Commission

d) The Constitution of India

Question : 19 [BPSC (Pre) 2015]

Service Tax in India was introduced in the year

a) 1996-97

b) 1998-99

c) 1994-95

d) 1991-92

Question : 20 [CDS-2012-I]

Fiscal Policy in India is formulated by

a) the Finance Ministry

b) the Reserve Bank of India

c) the Planning Commission

d) the Securities and Exchange Board of India