Indian Economy | Multiple Choice Questions (MCQ) Choose Part Part A

Q1 - The majority stake holder in the capital of Regional Rural Banks (RRBs) is
A. Insurance/Mutual Fund Companies
B. Central Government
C. Sponsor Bank
D. State Government
Answer - B
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Q2 - Pappu Karki, the popular Kumaoni folk singer has passed away. He was native of which state
A. Jammu&Kashmir
B. HimachalPradesh
C. Uttarakhand
D. Assam
Answer - C
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Q3 - Who has been appointed as the new chairman of Central Board of Indirect taxes and Customs ( CBIC )
A. Johnjoseph
B. VanajaN.Sarna
C. MahenderSingh
D. S Ramesh
Answer - D
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Q4 - First five year plan of India was based on the:
A. Harrod Domar model
B. Mahalanobis model
C. Dada Bhai Nauroji model
D. J.L. Nehru model
Answer - A
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Q5 - When was the first industrial policy of India launched
A. 1956
B. 1948
C. 1951
D. 1965
Answer - B
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Q6 - The provisions relating to service tax in India are given in:
A. Chapter V of the Finance Act, 1994
B. Chapter VII and VIII of the Finance Act, 2004
C. The Service tax Act, 1994
D. Chapter V and VA of the Finance Act, 1994
Answer - D
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Q7 - Service tax was introduced in India on the recommendation of:
A. Kelkar Committee
B. Dr. Raja J Challiah Committee
C. Dr. Man Mohan Singh Committee
D. Dr. Yashwant Sinha Committee
Answer - B
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Q8 - Service tax is applicable to:
A. Whole of India
B. Whole of India except Jammu and Kashmir
C. Whole of India, except Jammu and Kashmir and Union Territories of Dadra, Nagar Haveli, Daman & Diu
D. Whole of India including few part of Jammu & Kashmir
Answer - B
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Q9 - What is the current rate of service tax in India currently
A. 12.5%
B. 13.5%
C. 14%
D. 14.5%
Answer - C
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Q10 - Which activity is termed as activity of tertiary sector
A. Wheat production
B. Mobile production
C. Construction of a dam
D. Fishing
Answer - C
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