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Objective Questions
GK
GK Set-1
Economics
Indian Economics
38

Indian Economics MCQ (GK Set-1) with Answers

38) An ad valorem duty is a tax on the basis of :

the price of a commodity

the value added

the advertisement expenditure

the unit of the commodity

Answer is:

the price of a commodity

Indian Economics MCQ (GK Set-1) with Answers

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

39) The system of the budget was introduced in india during the viceroyalty of :

Canning

Dalhouseie

Ripon

Elgin

Answer is:

Canning

40) Fiscal Responsibility and Budget Management Act (FRBMA) ACT 2003 concerns :

fiscal deficit only

revenue deficit only

both fiscal and revenue deficit

neither fiscal nor revenue deficit

Answer is:

both fiscal and revenue deficit

41) The temporary tax levied to obtain additional revenue is called :

cess

rate

fee

surcharge

Answer is:

surcharge

42) What are the two main attributes of a formal organization ?

esteern and prestige

role and duties

dominance and supremacy

rules and regulations

Answer is:

rules and regulations

Indian Economics MCQ (GK Set-1) with Answers

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