11. When was the Wealth tax first introduced in India?

1. 1. 1948

   
   
   

   2. 1957

   
   
   

   3. 1976

   
   
   

   4. 1991

   
   
   

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   N/A

   Correct Option: B

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12. Who had suggested an imposition of expenditure tax in India for first time?

1. 1. Kalechi

   
   
   

   2. Kaldor

   
   
   

   3. R.J. Chelliah

   
   
   

   4. Gautam Mathur

   
   
   

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   N/A

   Correct Option: B

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13. 13th Finance Commission has been constituted under the Chairmanship of

1. 1. Y.S.P. Thorat

   
   
   

   2. Montek Singh Ahluwalia

   
   
   

   3. C. Rangrajan

   
   
   

   4. Vijay L. Kelkar

   
   
   

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   Correct Option: D

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14. Which of the following deficit gives major contribution to total deficit of Government of India?

1. 1. Revenue Deficit

   
   
   

   2. Budgetary Deficit

   
   
   

   3. Fiscal Deficit

   
   
   

   4. Primary Deficit

   
   
   

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   N/A

   Correct Option: C

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15. Which two of the following taxes are indirect taxes?

1. 1. Sales tax and Income tax

   
   
   

   2. Income tax and Wealth tax

   
   
   

   3. Sales tax and Excise tax

   
   
   

   4. Income tax and Excise tax

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

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