66. The recommendations of the Sarkaria Commission relate to

1. 1. Distribution of Revenue

   
   
   

   2. Powers and functions of the President of India

   
   
   

   3. Membership of Parliament

   
   
   

   4. Centre-State relations

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

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67. The Indian Income Tax is

1. 1. Direct and proportional

   
   
   

   2. Indirect and proportional

   
   
   

   3. Direct and progressive

   
   
   

   4. Indirect and progressive

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

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68. Consider the following taxes:
    A. Corporate tax
    B. Customs duty
    C. Wealth tax
    D. Excise duty

1. 1. A only

   
   
   

   2. B and D

   
   
   

   3. A and C

   
   
   

   4. B and C

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: B

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69. Which one of the following is NOT a function of Finance Commission in India?

1. 1. Devolution of Income Tax

   
   
   

   2. Devolution of Excise Duty

   
   
   

   3. Award of grants-in-aid

   
   
   

   4. Devolution of Trade Tax

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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70. Which one of the following is the most import item of expenditure of the Government of India on revenue account?

1. 1. Defence

   
   
   

   2. Subsidies

   
   
   

   3. Pensions

   
   
   

   4. Interest Payments

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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