The system of Budget was introduced in India during the viceroyalty of :


A) Canning

B) Dalhousie

C) Ripon

D) Elgin

Correct Answer:
A) Canning


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








Comments

No comments available




Similar Questions
1). 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
2). Temporary tax levied to obtain additional revenue is called :
A). cess
B). rate
C). fee
D). surcharge
-- View Answer
3). 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
4). The basic attribute of a formal organization is :
A). esteem and prestige
B). roles and duties
C). dominance and supremacy
D). rules and regulations
-- View Answer
5). If the price of an inferior good falls, its demand :
A). rises
B). falls
C). remains constant
D). can be any of the above
-- View Answer


6). The existence of a Parallel Economy or Black Money :
A). makes the economy more competitive
B). makes the monetary policies less effective
C). ensures a better distribution of income and wealth
D). ensures increasing productive investment
-- View Answer
7). Put the main sources of revenue of the Central Government in ascending order of importance:
1. Income tax
2. Corporation tax
3. Customs
4. Excise duties
A). 1, 2, 3, 4
B). 3, 2, 4, 1
C). 4, 3, 1, 2
D). 4, 3, 2, 1
-- View Answer
8). The highest sector wise contribution to gross domestic saving comes from :
A). private corporate sector
B). household sector
C). public sector
D). corporative sector
-- View Answer
9). An amount given by a government agency or even private body to encourage a particular economic activity is a :
A). grant
B). loan
C). subsidy
D). mutual fund
-- View Answer
10). Why has the general budget till recently always been presented at 5 o' clock in the evening ?
A). All countries present their budgets at this time
B). So that there is no time for traders to manipulate the prices
C). It is a convention of official secrecy
D). It is a carry-over from times of British rule when the Budget could be discussed
in the British Parliament simultaneously
-- View Answer