Question Detail Which is the most important source of income for Government of India ? InterestLicence feeIncome taxExcise duty Answer: Option D Similar Questions : 1. "The Future of India" book is written by Amritya SenBimal JalanAbhishek NayarChetan Bhagat Answer: Option B 2. Life Insurance Corporation (LIC) of India was established in ? 1955195619571958 Answer: Option BExplanation:Life Insurance Corporation (LIC) of India was established in September 1956. 3. National Rural Development Institute is situated at ? DelhiShimlaHyderabadMumbai Answer: Option C 4. On which position India is, if we talk about production of vegetables ? FirstSecondThirdFourth Answer: Option BExplanation:On First it is China. 5. Exise duty is imposed on Sale of an itemProduction of an itemConsumption of an itemAll of above Answer: Option BExplanation:Exise duty is imposed on Production of an item so it is a commodity tax. Read more from - Indian Economy Questions Answers