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State PSC Taxation — practice questions — page 2

Explore 32 free Taxation questions in State PSC Economy. Open each question or exercise to read its content, reference answers and available explanation.

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Taxation questions and exercises with answers

Showing questions 31–32 of 32.

Type the numberRead the answer and worked solution →Reforms bingoRead the answer and worked solution →

Worked practice questions

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Questions
  1. Answer
    7
    Question
    Billion dollars borrowed from the World Bank and IMF in 1991
  2. Answer
    1991
    Question
    Year of the crisis and the New Economic Policy
  3. Answer
    2016
    Question
    Year the GST Act was passed
  4. Answer
    2017
    Question
    Year GST came into effect
  5. Answer
    74
    Question
    Percent foreign investment limit in banks
  6. Answer
    2001
    Question
    Year quantitative restrictions on consumer imports ended
Instructions
Type the number only.
_Source: syllabus Economics, Indian Economic Development, Chapter 3, Liberalisation, Privatisation and Globalisation._

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Reforms bingo

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Clues and terms
  1. Clue
    Reforms announced in 1991.
    Item
    NEP
  2. Clue
    Short-term fix for BoP and inflation.
    Item
    Stabilise
  3. Clue
    Long-term efficiency reforms.
    Item
    Structural
  4. Clue
    One nation, one tax, from July 2017.
    Item
    GST
  5. Clue
    On incomes and profits.
    Item
    Direct tax
  6. Clue
    Rupee cut in 1991 to fix BoP.
    Item
    Devaluation
  7. Clue
    Selling PSE equity to the public.
    Item
    Disinvest
  8. Clue
    Top PSE status; Indian Oil, SAIL.
    Item
    Maharatna
  9. Clue
    Foreign funds investing in Indian markets.
    Item
    FII
Instructions
Read each clue and tap the term it describes.
_Source: syllabus Economics, Indian Economic Development, Chapter 3, Liberalisation, Privatisation and Globalisation._

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