7000+ Fiscal Policy and Monetary Policy Objective MCQ Quiz Questions - 1

Question: 1

In India, the service tax was first introduced in the year

(A) 1991

(B) 1992

(C) 1994

(D) 1998

Question: 2

Railway Budget in India was separated from general budget in

(A) 1923-24

(B) 1924-25

(C) 1941-42

(D) 1947-48

Question: 3

The most appropriate measure of a country’s economic growth is the

(A) Per capita real income

(B) Net national product

(C) Net domestic product

(D) Gross domestic product

Question: 4

Which of the following is not part of state tax?

(A) Stamp duty other than financial documents

(B) Sales and purchase of newspapers

(C) Entertainment tax

(D) Land revenue

Question: 5

The states were to have Indian Institute Management (IIMS) except

(A) Assam

(B) Bihar

(C) Punjab

(D) Odisha