Question Detail

Sales Tax is

Direct Tax
Indirect Tax
Tax imposed by central government
Tax imposed by state government

Answer: Option B

Explanation:

Direct Taxes are : Income Tax, Property Tax, Gift Tax etc.

Indirect Taxes are : Sales Tax, Excise Tax, Custom Duty etc.

1. Who was the father of Operation Flood ?

Dr. Norman Borlaug
Dr. M.S. Swaminathan
Dr. Verghese Kurien
Dr. William Gande

Answer: Option C

Explanation:

The "Operation flood" was the largest integrated dairy development programme of the world. It was started by National dairy development board in 1970.

2. Sales Tax is

Direct Tax
Indirect Tax
Tax imposed by central government
Tax imposed by state government

Answer: Option B

Explanation:

Direct Taxes are : Income Tax, Property Tax, Gift Tax etc.

Indirect Taxes are : Sales Tax, Excise Tax, Custom Duty etc.

3. Approx __ % of Indian population is still Agriculturist.

Answer: Option C

4. Deficit financing implies :

printing new currency notes
public revenue in excess of public expenditure
public expenditure in excess of public revenue
replacing new currency with worn out currency

Answer: Option C

5. The first bank managed by Indians was ?

Oudh Bank
Punab National Bank
Oriental Bank of Commerce
State Bank of India

Answer: Option A