56. Which of the following is the largest single source of the Government's earning from tax revenue?

1. 1. Wealth tax

   
   
   

   2. Customs

   
   
   

   3. Income tax

   
   
   

   4. Central excise

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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57. Fiscal Policy is related to

1. 1. Money supply in the economy

   
   
   

   2. Regulation of the banking system

   
   
   

   3. Planning for economic development

   
   
   

   4. Government's Revenue and Expenditure

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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58. Which one of the following is NOT the source of revenue of Central Government?

1. 1. Income Tax

   
   
   

   2. Corporate Tax

   
   
   

   3. Agriculture Income Tax

   
   
   

   4. Excise Duty

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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59. With what subject is Raghuram Rajan Committee connected?

1. 1. Austerity in Government Expenditure

   
   
   

   2. Financial Sector Reforms

   
   
   

   3. Export-Import Balance

   
   
   

   4. Rising Prices

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: B

   N/A

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60. Which one of the following sets of sources of revenue belongs to the Union Government alone?

1. 1. Gift tax, Holding tax

   
   
   

   2. Sales tax, Income tax

   
   
   

   3. Wealth tax, Land revenue

   
   
   

   4. Custom duties, Corporation tax

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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