Topics

Which of the following is not a method of estimating national income?


A) Income method

B) Value-added method

C) Expenditure method

D) Export-import method

Correct Answer:
D) Export-import method


Part of solved Fiscal System questions and answers : General Knowledge >> Economy >> Fiscal System




Comments
No comments available




Similar Questions
1). The national income of India is estimated mainly through :
A). production method alone
B). expenditure method alone
C). production and expenditure methods
D). production and income methods
-- View Answer
2). Which of the following are referred to as the developed economies?
A). Countries earning huge industrial profits
B). Countries proficient in trade and export
C). Countries having large per capita income
D). Countries advanced in technology
-- View Answer
3). An advalorem duty is a tax on the basis of :
A). the price of a commodity
B). the value added
C). the advertisement expenditure
D). the unit of the commodity
-- View Answer
4). The budget is presented to the Parliament o :
A). the firlst day of February
B). 15th March
C). the last day of March
D). 1st April
-- View Answer
5). Which of the following is not true about 'vote-on-account'?
A). It is a budget presented in the Parliament to cover the deficit left by the last
budget
B). It does not allow the Government to set for the economic policies of the new
plan which starts from April 1.
C). It prevents the Government from imposing fresh taxes or withdrawing old one
D). This allows the Government to withdraw an amount for a period with the
consent of Parliament.
-- View Answer


6). Which State in India has the highest average per capita annual earnings of factory workers?
A). Maharashtra
B). Madhya Pradesh
C). West Bengal
D). Tamil Nadu
-- View Answer
7). The system of Budget was introduced in India during the viceroyalty of :
A). Canning
B). Dalhousie
C). Ripon
D). Elgin
-- View Answer
8). Of the total revenue of the Union Government, the Indirect Taxes account for nearly :
A). 0.7
B). 0.75
C). 0.8
D). 0.85
-- View Answer
9). Temporary tax levied to obtain additional revenue is called :
A). cess
B). rate
C). fee
D). surcharge
-- View Answer
10). Which of the following is wrongly matched?
A). Cess - a compulsory levy collected by the government for a particular purpose
from all persons
B). Rate - a compulsory levy collected by the government from the beneficent of
particular schemes
C). Corporation tax - levied by corporations for civic amenities
D). Proportional tax - a tax levied at the sae time at all levels of the base
-- View Answer
Home About Us Terms and Conditions Privacy Policy Contact us