Indian Fiscal System Gk Questions and Answers

25. Which is the most disinvestments started in public enterprises?
  A.  Gujarat
  B.  Punjab
  C.  Maharashtra
  D.  Tamil Nadu
Answer
Ans: C
Maharashtra
26. Which one of the following is the most important item of non plan expenditure?
  A.  Loans to public enterprises
  B.  Interest payment
  C.  Defence
  D.  Fertilizers subsidies
Answer
Ans: A
Loans to public enterprises
27. The Goods and Services tax (GST) proposed to be introduced, covers taxes like
  A.  Service tax
  B.  Service, excise
  C.  Excise, service, VAT
  D.  Trade/Sale Tax
Answer
Ans: C
Excise, service, VAT
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