Indian Economy-An overview – Test 8

Which of the following are direct taxes?
I. Income Tax
II. Goods & Service Tax
III. Gift Tax
IV. Custom Duty
V. Wealth Tax
Select correct answer from the options given below-

Direct tax is_________in nature.

Which of the following tax have been abolished?

Which of the following tax have been abolished?

Presently marginal rate of income tax is-

GST is payable on-

Under which of the following tax system, more tax is imposed on the lower income group?

Find the correct statement.

Which committee recommended simplification and rationalization of tax system in India?

GDP at factor cost=__________

Net National Product (NNP) equals-

National income refers to_________at Factor Cost.

National income differs from Net National Product at market price by the amount of

The difference between the GDP and GNP is-

GDP at market prices=……….

If net factor income from abroad is positive, then which of the following is true?

From the following date calculate the GNP at Market price.
GDP at Factor cost : 6,000
Net income from abroad : 400
Indirect Taxes : 840
Subsidies : 240

__________is the net amount available for consumption and savings.

The production method of calculating national income is also known as-

Income Method focused on measurement of national income at-

Census of population is done in India at an interval of-

India has about________of the World’s are.

India has less than________of the World’s income.

Which State has the highest population?

Which year is known as “Year of Great Divide”?