Q281.In which year ‘BRIC’ grouping was formed as ‘BRICS’?
Correct answer: 2010
Q282.Of the following taxes which one is not levied by State Governments?
Correct answer: Corporation Tax
Q283.The first ever summit meeting of ‘BRICS countries’ took place at
Correct answer: Russia
Q284.Which of the following taxes does not directly increase the price of a commodity to buyers?
Correct answer: Income Tax
Q285.Which one of the following is not a member of ‘BRICS’?
Correct answer: Saudi Arabia
Q286.Which among the following are the sources of revenue for the central Government? 1. Corporate Tax 2. Profit from Public Enterprises 3. Sale of National Savings Certificates 4. Loans received from the World Bank 5. Excise duties Select the correct answer from the codes given below.
Correct answer: All of the above
Q287.Which one of the following countries was introduced in ‘BRICS’ in the last?
Correct answer: South Africa
Q288.The recommendation of the Kelkar Task Force related to
Correct answer: Taxes
Q289.How many countries are members of World Bank?
Correct answer: 189
Q290.Kelkar Committee, in its second report, has recommended to reduce corporate tax to
Correct answer: 30%
Q291.In which year was the World Bank formed?
Correct answer: 1945
Q292.The Kelkar proposals which were
Correct answer: recommendations for tax reforms
Q293.Which of the following is also known as International Bank for Reconstruction and Development?
Correct answer: World Bank
Q294.Which of the following statements are true for the Income Tax in India? 1. It is a progressive tax 2. It is a direct tax 3. It is collected by the state Governments 4. It is a proportional tax Choose the correct answer from the codes given below. Code
Correct answer: Only 1 and 2 are correct
Q295.The new World Trade Organisation (WTO), which replaced the GATT came into effect from
Correct answer: 1st January, 1995
Q296.Which one of the following is correctly matched?
Correct answer: Custom Duty - Indirect Tax
Q297.The earlier name of WTO was
Correct answer: GATT
Q298.Which one of the following sets of sources of revenue belongs to the Union Government alone?
Correct answer: Custom duties, Corporation tax
Q299.The headquarters of World Trade Organisation is at
Correct answer: Geneva
Q300.Which one of the following is not related with income from corporate sector in India?
Correct answer: Minimum alternate tax
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01
General practice
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