7000+ Fiscal Policy and Monetary Policy Objective MCQ Quiz Questions - 2

Question: 6

The financial year in India begins from

(A) 1^{st March}

(B) 1^st April

(C) 1^st July

(D) 1^st January

Question: 7

A tax which is paid by the person on whom the tax is incident is called

(A) Rate

(B) Indirect tax

(C) Direct tax

(D) Local tax

Question: 8

Excises Duties are taxes on

(A) Production of commodities

(B) Import of commodities

(C) Export of commodities

(D) Sale of commodities

Question: 9

Which of the following is not part of state tax?

(A) Sales and purchase of newspapers

(B) Stamp duty other than financial documents

(C) Entertainment tax

(D) Land revenue

Question: 10

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

(A) Elgin

(B) Ripon

(C) Dalhousie

(D) Canning