Indian Fiscal System Gk Questions and Answers

17. Which of the following is an indirect tax?
  A.  Excise tax
  B.  Capital gains tax
  C.  Wealth tax
  D.  Corporation tax
Answer
Ans: B
Capital gains tax
18. Which is the most industrially advanced state in India?
  A.  Maharashtra
  B.  Tamil Nadu
  C.  Punjab
  D.  Gujarat
Answer
Ans: A
Maharashtra
19. Who was the chairman of National Income Committee?
  A.  VKRV Rao
  B.  PC Mahalanobis
  C.  AM Khusro
  D.  DR Gadgil
Answer
Ans: A
VKRV Rao
20. The Fiscal Policy of India is formulated by
  A.  SEBI
  B.  RBI
  C.  Finance Ministry
  D.  Planning Commission
Answer
Ans: D
Planning Commission
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