INDIAN ECONOMY QUIZ - 8

1/10

Finance Commission is constituted :

every year

once in two years

once in four years

once in five years

2/10

MODVAT is related to :

Sales Tax

Wealth Tax

Income Tax

Excise Tax

3/10

The tax on import and export is known as :

Income Tax

Trade Tax

Custom Duty

Excise Duty

4/10

VAT is imposed -

Directly on consumer

On final stage of the production

On first stage of the production

On all stages between production and final sale

5/10

As compare to revenue deficit, fiscal deficit will always remain :

Higher

Lower

Same

All of three

6/10

If interest payment is added to primary deficit, it is equivalent to :

Budget Deficit

Fiscal Deficit

Revenue Deficit

Deficit Financing

7/10

The World Trade Organisation was formed in :

1991

1995

1997

1999

8/10

FERA in India has been replaced by :

FEPA

FEMA

FENA

FETA

9/10

TRIPS and TRIMS are the term associated with :

IMF

WTO

IBRD

IDA

10/10

The headquarter of World Trade Organisation at :

New York

Geneva

Rome

Doha

Result: