46. Which of the following is NOT a source of tax revenue collected by the Government of India?

1. 1. Custom Duty

   
   
   

   2. Excise Duty

   
   
   

   3. Service Duty

   
   
   

   4. Dividends and Profits

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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47. Which one of the following is NOT a source of tax revenue in Indian States?

1. 1. Land Revenue

   
   
   

   2. Motor Vehicle Tax

   
   
   

   3. Entertainment Tax

   
   
   

   4. Corporate Tax

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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48. As compared to revenue deficit, fiscal deficit will always remain

1. 1. Higher

   
   
   

   2. Lower

   
   
   

   3. Same

   
   
   

   4. All of three

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: A

   N/A

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49. The extent of money transfer to the States out of sharable pool of tax collection according to the 12th Finance Commission Has been fixed at

1. 1. 29.0%

   
   
   

   2. 29.5%

   
   
   

   3. 30.5%

   
   
   

   4. 32.5%

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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50. Which of the following taxes is collected by the Government on sale of goods and services in the country?

1. 1. NAT

   
   
   

   2. CET

   
   
   

   3. SAT

   
   
   

   4. VAT

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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