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RRB NTPC Indian Economy — practice questions — page 2

Explore 74 free Indian Economy questions in RRB NTPC Economy. Open each question or exercise to read its content, reference answers and available explanation.

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Indian Economy questions and exercises with answers

Showing questions 31–60 of 74.

Into how many categories is income divided for income tax in India?Read the answer and worked solution →Which GST component applies to interstate sales?Read the answer and worked solution →The Central GST is the portion of tax going to the Centre on which sales?Read the answer and worked solution →What kind of tax is the Goods and Services Tax?Read the answer and worked solution →Customs duty is a tax on what?Read the answer and worked solution →Which tax on services was replaced by GST?Read the answer and worked solution →Which Act imposes duty of excise on goods manufactured in India?Read the answer and worked solution →Local body tax is imposed on the entry of what into a local area?Read the answer and worked solution →Who initiated India's indirect tax reform in 1986 by introducing MODVAT?Read the answer and worked solution →Which task force did the Vajpayee government constitute in 2002 on GST?Read the answer and worked solution →In which year was the 115th Constitution Amendment Bill on GST introduced in the Lok Sabha?Read the answer and worked solution →On what date was GST launched at midnight in India?Read the answer and worked solution →Which section of the CGST Act set up the anti-profiteering rule at the 2017 launch?Read the answer and worked solution →The first entirely Indian joint stock bank, established in 1881, was based in which city?Read the answer and worked solution →Punjab National Bank was established in 1894 in which city?Read the answer and worked solution →The Mauryan instrument called adesha corresponds to which modern instrument?Read the answer and worked solution →Which Swadeshi-era window saw many Indian community banks founded?Read the answer and worked solution →On what date was the RBI nationalised?Read the answer and worked solution →On what date were 14 large commercial banks nationalised in 1969?Read the answer and worked solution →The 14 banks nationalised in 1969 held what share of the country's deposits?Read the answer and worked solution →How many more banks were nationalised after Indira Gandhi returned to power in 1980?Read the answer and worked solution →On what date was the Reserve Bank of India founded?Read the answer and worked solution →The RBI was set up on the recommendation of which commission?Read the answer and worked solution →Which animal replaced the lion in the RBI seal design?Read the answer and worked solution →Who was the first Indian Governor of the RBI?Read the answer and worked solution →Who was the first Governor of the RBI, taking office in 1935?Read the answer and worked solution →In July 1991 the rupee lost about what share of its value against the US dollar?Read the answer and worked solution →Under which Article is the Union Budget known as the Annual Financial Statement?Read the answer and worked solution →Who changed the budget presentation time to 11 AM in 1999?Read the answer and worked solution →What sweet is served in the traditional ceremony before the budget is printed?Read the answer and worked solution →

Worked practice questions

Into how many categories is income divided for income tax in India?

  1. Three
  2. Five
  3. Seven
  4. Nine
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Correct answer: B. Five

Income is divided into salary, other sources, house property, capital gains and business or profession.

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Which GST component applies to interstate sales?

  1. CGST
  2. SGST
  3. UTGST
  4. IGST
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Correct answer: D. IGST

Integrated GST is levied on interstate sales.

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The Central GST is the portion of tax going to the Centre on which sales?

  1. Intrastate sales
  2. Export sales
  3. Interstate sales
  4. Import sales
Show answer and solution

Correct answer: A. Intrastate sales

CGST is the central share charged on sales within a state.

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