General Knowledge

ISBT General Knowledge for all banking PO,Clerk,IBPS PO,Railway,SSC,IAS,OAS Exams

Q11.	Which of the following is not one of the features of India's economic planning ?

1)	Limited Centralisation	2)	Planning of imperative nature
3)	Democratic Solution	4)	Planning of imperative nature
5)	None of these

Q12.	Which one of the following is not a source of the tax revenue in Indian States ?

1)	Land Revenue	2)	Motor Vehicle Tax
3)	Entertainment Tax	4)	Corporate Tax
5)	None of these

Q13.	The father of the concept of Micro Finance is propounded by which of the following one ?

1)	Manmohan Singh	2)	Mohammed Yunus
3)	Amartya Sen	4)	Dadabhai Naroji
5)	None of these

Q14.	MODVAT relates to rationalization of tax structure in-

1)	Sales tax	2)	Income tax
3)	Excise duty	4)	Gift tax

Q15.	Customer duties, export duties, corporation taxes, taxes on capital value of assets are-

1)	Taxes and duties levied by the centre but collected by the states	2)	Taxes and duties levied by the centre but wholly appropriated by the states
3)	Taxes levied and collected by the union but shared with the states	4)	Taxes and duties that accrue wholly to the union government

Q16.	Customer duties, export duties, corporation taxes, taxes on capital value of assets are-

1)	Taxes and duties levied by the centre but collected by the states	2)	Taxes and duties levied by the centre but wholly appropriated by the states
3)	Taxes levied and collected by the union but shared with the states	4)	Taxes and duties that accrue wholly to the union government

Q17.	Which of the following taxes is not levied by any state government ?

1)	Excise duty	2)	Income tax
3)	Sales tax	4)	None of these

Q18.	The long term fiscal policy proposes to maintain the stability of -

1)	Direct tax rates	2)	Indirect tax rates
3)	Ratio of tax revenue to national income	4)	Ratio of direct tax to revenue from indirect taxes

Q19.	Which of the following can be used for checking inflation temporarily  ?

1)	Increase in wages	2)	Decrease in money supply
3)	Decrease in taxes	4)	None of these

Q20.	Who is responsible to collect the service tax ?

1)	Income Tax Department	2)	Central Excise Department
3)	Commercial Tax Department of the State/UT	4)	Postal Department