Q342.Consider the following in relation with Corporate tax. 1. Total turnover of the company 2. Profit after distribution of dividend 3. Profit before distribution of dividend 4. Capital employed in the company Which one of the above is basis of corporate tax?
Correct answer: 3 alone
Q343.Which one of the following countries occupies the first place in the ‘Global Competitive Report’ of World Economic Forum?
Correct answer: Switzerland
Q344.The Gandhian economy is based on the principle of
Correct answer: Trusteeship
Q345.Find the tax which is direct tax among the following.
Correct answer: House Tax
Q346.‘World Development Report’ is an annual publication of
Correct answer: International Bank of Reconstruction and Development
Q347.Who among the following had propounded the concept of ‘Trusteeship’?
Correct answer: Mahatma Gandhi
Q348.The most important source of revenue for Indian Government is
Correct answer: Direct Tax
Q349.Under which agreement Monetary Fund was established?
Correct answer: Bretton Woods Agreement
Q350.Which one of the following is the major feature of the Indian Economy?
Correct answer: A mixed economy
Q351.Consider the following statements. In India, taxes on transactions in Stock exchanges and Futures Markets are 1. Levied by the union 2. Collected by the States Which of the statement(s) given above is/are correct?
Correct answer: Only 1
Q352.Which among the following is not a function of International Monetary Fund?
Correct answer: It serves a medium term and long term credit institution
Q353.The Indian Economy is a
Correct answer: Mixed economy
Q354.Consider the following actions by the government. 1. Cutting the tax rates 2. Increasing the government spending 3. Abolishing the subsidies In the context of economic recession, which of the above actions can be considered a part of the ‘fiscal stimulus’ package?
Correct answer: 1 and 2
Q355.Regarding the International Monetary Fund (IMF) which one of the following statements is correct?
Correct answer: It grants loans to only members countries
Q356.Mixed economy in India means
Correct answer: Co-existence of public and private sector
Q357.What has been kept under the purview of Goods and Services Tax (GST)?
Correct answer: Ghee
Q358.When was South Asian Association for Regional Cooperation (SAARC) established?
Correct answer: 1985
Q359.The credit of developing the concept of modern economic growth goes to
Correct answer: Simon Kuznet
Q360.Direct Tax Code in India is related to which of the following?
Correct answer: Income Tax
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01
General practice
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