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Objective Questions
GK
GK Set-1
Economics
Indian Economics
177

Indian Economics MCQ (GK Set-1) with Answers

177) Inflation redistributes income and wealth in favour of

Pensioners

Poor

Middle class

Rich

Answer is:

Rich

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

178) The fringe benefit tax was introduced in the budget of

2003-04

2004-05

2005-06

2006-07

Answer is:

2005-06

179) Excise Duty is a tax levied on :

Commodities that are exported

Commodities that are imported

Both the exported and imported commodities

Commodities that are produced and consumed within the country

Answer is:

Commodities that are produced and consumed within the country

180) Who coined the term "Hindu rate of growth for Indian economy"?

A.K. Sen

Kirit S. Parikh

Raj Krishna

Montek Singh Ahluwalia

Answer is:

Raj Krishna

181) Which one of the following is NOT an example of indirect tax?

Sales tax

Excise duty

Customs duty

Expenditure tax

Answer is:

Expenditure tax

Indian Economics MCQ (GK Set-1) with Answers

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