General Knowledge-Question Answer(Set-69)
Staff Reporter | 19-04-30

Q. Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are

? Tax sharing, grant-in-aids, loans

Q. Debenture holders of a company are its

? Creditors

Q. Excise duty is a tax levied on the

? Production of goods

Q. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?

? Essar Oil

Q. Non Tax revenues can be increased by improving the working of the

? Commercial irrigation projects

Q. Which of the following is not viewed as a national debt?

? National Saving Certificate

Q. The condition of indirect taxes in the country’s revenue is approximately

? 86 percent

Q. Deficit financing means that the government borrows money from the


Q. Revenue of the state governments are raised from the following sources, except

? Agricultural income tax

Q. If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be

? Equal to government income

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