61. Consider the following
    1. Fringe Benefit Tax
    2. Interest Tax
    3. Securities Transaction Tax
    Which of the above mentioned is/are direct Tax/Taxes?

1. 1. 1 only

   
   
   

   2. 1 and 3

   
   
   

   3. 2 and 3

   
   
   

   4. 1, 2 and 3

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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62. Interest on public debt is a part of

1. 1. Transfer payments by the enterprises

   
   
   

   2. Transfer payments by the Government

   
   
   

   3. National Income

   
   
   

   4. Interest payment by house-holds

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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63. Which one of the following is NOT related with income from corporate sector in India?

1. 1. Fringe benefit tax

   
   
   

   2. Minimum alternative tax

   
   
   

   3. Tax on company profit

   
   
   

   4. Capital gains tax

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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64. The largest item of expenditure in the current account of the Central Government budget is

1. 1. Defence Expenditure

   
   
   

   2. Subsidies

   
   
   

   3. Interest Payments

   
   
   

   4. Expenditure on social services

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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65. Which of the following is NOT a tax/duty levied by the Government of India?

1. 1. Income Tax

   
   
   

   2. Education Cess

   
   
   

   3. Service Tax

   
   
   

   4. Toll Tax

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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