Q261.Which sector in India attracts the highest FDI equity flow?
Correct answer: Service sector
Q262.The largest sources of tax revenue to Central Government of India are
Correct answer: Union excise duties and corporate tax
Q263.The maximum limit of Foreign Direct Investment (FDI) in public sector banking is
Correct answer: 20%
Q264.From which of the tax following direct taxes gives maximum net revenue to the Government?
Correct answer: Corporation Tax
Q265.Which of the following pairs are correctly matched? 1. Increase in foreign exchange reserves - Monetary expansion 2. Low import growth - Recession in Indian industry 3. Euro issues - Shares held by Indian companies in European countries 4. Portfolio investment - Foreign institutional investors Select the correct answer from the codes given below.
Correct answer: 1, 2 and 4
Q266.Corporation Tax is on
Correct answer: income of a company
Q267.Which of the following would include Foreign Direct Investment in India? 1. Subsidiaries of companies in India. 2. Majority foreign equity holding in Indian companies. 3. Companies exclusively financed by foreign companies. 4. Portfolio investment. Select the correct answer using the codes given below.
Correct answer: 1, 2 and 3
Q268.Which of the following is not a direct tax in India?
Correct answer: Sales Tax
Q269.A great deal of Foreign Direct Investment (FDI) to India comes from Mauritius than from many major and mature economics like UK and France why?
Correct answer: India has double taxation avoidance agreement with Mauritius
Q270.Which of the following are the indirect tax?
Correct answer: Sales tax and Excise tax
Q271.In the context of governance, consider the following. 1. Encouraging Foreign Direct Investment inflows. 2. Privatisation of higher education institutions. 3. Down-sizing of bureaucracy 4. Selling/Offloading the shares of Public Sector undertaking Which of the above can be used as measures to control the fiscal deficit in India?
Correct answer: 3 and 4
Q272.When was the Wealth tax first introduced in India?
Correct answer: 1957
Q273.Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two?
Correct answer: FII helps in increasing capital availability in general, while FDI only targets specific sector
Q274.Chelliah committee is related to
Correct answer: Reforms in direct and indirect tax systems
Q275.In terms of the share in Foreign Direct Investment Equity inflows, in India during 2016-17, which of the following countries is on the top?
Correct answer: Mauritius
Q276.Service tax was introduced in India on the recommendation of
Correct answer: Raja J. Chelliah Committee
Q277.Who coined the term ‘BRIC’ in 2001?
Correct answer: Jim O’ Neil
Q278.Corporation tax
Correct answer: is levied by the Union and belongs to it exclusively
Q279.The British scholar Jim O’ Neil who coined the term ‘BRICS’ is related to which of the following subjects?
Correct answer: Economics
Q280.Agricultural Income Tax is assigned to the State Government by
Correct answer: The Constitution of India
Syllabus roadmap
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01
General practice
Topic-wise questions and study coverage will appear here.