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  • Question
  • Taxes cannot be levied by the union government in India -


  • Options
  • A. Tax on professions
  • B. Service tax
  • C. Income tax
  • D. All of the above

  • Correct Answer
  • Tax on professions 

    Explanation

    Tax on professions cannot be levied by the union government in India.

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    Indian Economy problems


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    • 1. Which country has recently become fifth largest military spender ?

    • Options
    • A. India
    • B. Japan
    • C. China
    • D. Russia
    • Discuss
    • 2. The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called ?

    • Options
    • A. FDI
    • B. NRI Investment
    • C. Portfolio Investment
    • D. Foreign Indirect Investment
    • Discuss
    • 3. The First Five Year Plan was based on ___________.

    • Options
    • A. Herold Domar Model
    • B. P.C . Mahalanobis Model
    • C. Both the Above
    • D. None of the above
    • Discuss
    • 4. Which of the following is / are fund managers for National Pension System (NPS) in 2017 ?

    • Options
    • A. Axis provident fund
    • B. Yes bank pension fund
    • C. ICICI prudential pension
    • D. Punjab National provident fund
    • Discuss
    • 5. The single-step income statement emphasizes

    • Options
    • A. the various components of income from continuing operations
    • B. extraordinary items and accounting changes more than these are emphasized in the multiple-step income statement
    • C. total revenues and total expenses
    • D. the gross profit figure
    • Discuss
    • 6. In India ,Hindu Rate of growth is associated with which of the following

    • Options
    • A. Birth Rate
    • B. Population
    • C. Per Capita Income
    • D. National Income
    • Discuss
    • 7. An objective of the National Food Security Mission is to increase the production of certain crops through area expansion and productivity enhancement in a sustainable manner in the identified districts of the country. What are those crops?

    • Options
    • A. Rice and Wheat only
    • B. Rice, Wheat and pulses only
    • C. Rice, Wheat, Pulses and oil seeds only
    • D. Rice, Wheat, Pulses, oil seeds and vegetables
    • Discuss
    • 8. What is the rank of India in World Economic Forum?s Global Human Capital Index (GHCI) 2017 ?

    • Options
    • A. 103
    • B. 104
    • C. 105
    • D. 106
    • Discuss
    • 9. According to Nomura's Report, India?s GDP growth rate is expected to be around _________ in the financial year 2017-18.

    • Options
    • A. 7.6%
    • B. 7.3%
    • C. 7.8%
    • D. 7.1%
    • Discuss
    • 10. The State having the highest density of population is

    • Options
    • A. Kerala
    • B. Tamil Nadu
    • C. West Bengal
    • D. Uttar Pradesh
    • Discuss


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