Indian Fiscal System Gk Questions and Answers

21. Which of the following taxes is not levied by the Union Government?
  A.  Wealth tax
  B.  Excise tax
  C.  Income tax
  D.  Profession tax
Ans: C
Income tax
22. National Income in India is compiled by
  A.  Central Statistical Organisation
  B.  Finance Commission
  C.  NDC
  D.  Indian Statistical Institute
Ans: A
Central Statistical Organisation
23. Index 'Residex' is associated with
  A.  Share Prices
  B.  Land Prices
  C.  Mutual Fund Prices
  D.  Price Inflation Index
Ans: A
Share Prices
24. Which of the following is not a method of estimating national income?
  A.  Income method
  B.  Export import method
  C.  Expenditure method
  D.  Value added method
Ans: B
Export import method
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