Economy MCQ5

1. Why the Indirect taxes are termed regressive taxing mechanisms?
They are charged at higher rates than direct taxes
They are charged differently for different income groups
They are charged the same for all income groups
None of the above is a correct reason
2. Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within __?
30 Days
60 Days
75 Days
90 Days
3. Which among the following panels have recently recommended the pricing of natural gas by a complex methodology of arriving at an average of international gas hub prices?
B K Chaturvedi Panel
C Rangrajan Panel
Raghuram Rajan
Parliamentary Panel headed by Yashwant Sinha
4. To make recommendations on the devolution of taxes, the 14th Finance Commission has been directed to use the Census figures of __:
1971
1981
1991
2001
5. The government has recently launched the Modified Special Incentive Package Scheme (M-SIPS) for __:
Electronic System Design and Manufacturing
Micro, Small and Medium Enterprises
Hotel and Tourism Sector Investments
Textile Industry
Score =
Correct answers: