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31. The Planning Commission is
(A) An advisory body
(B) A department of the Ministry of Finance. Govt. of India
(C) A wing of the Ministry of Planning, Government of India
(D) Endowed with the responsibility of implementing five-year plans
(A) An advisory body
(B) A department of the Ministry of Finance. Govt. of India
(C) A wing of the Ministry of Planning, Government of India
(D) Endowed with the responsibility of implementing five-year plans
Correct Answer: [A] An advisory body.
32. In the Community Development Programme, the Government provides
(A) Only financial assistance
(B) Only technical assistance
(C) Both (A) and (B)
(D) None of these
(A) Only financial assistance
(B) Only technical assistance
(C) Both (A) and (B)
(D) None of these
Correct Answer: [C] Both (A) and (B).
33. Finance Commission is
(A) A constitutional body appointed by the President every five years to review Centre-State financial relationship
(B) A permanent body to supervise the center-state financial relationship
(C) An organization to prepare annual budgets for the Government
(D) An organization to find out financial resources for financing Five-Year Plans
(A) A constitutional body appointed by the President every five years to review Centre-State financial relationship
(B) A permanent body to supervise the center-state financial relationship
(C) An organization to prepare annual budgets for the Government
(D) An organization to find out financial resources for financing Five-Year Plans
Correct Answer: [A] A constitutional body appointed by the President every five years to review Centre-State financial relationship.
34. Fiscal Deficit measures
(A) The difference between the government's consumption expenditure and tax receipt
(B) The difference between the government's revenue expenditure and revenue receipt
(C) The amount of increase in the government's debt
(D) The gap between the government's expenditure and tax receipt
(A) The difference between the government's consumption expenditure and tax receipt
(B) The difference between the government's revenue expenditure and revenue receipt
(C) The amount of increase in the government's debt
(D) The gap between the government's expenditure and tax receipt
Correct Answer: [C] The amount of increase in the government's debt.
35. Which out of the following, can be levied by the State Government
(A) Tax on profession
(B) Capital gains tax
(C) Income tax
(D) Wealth tax
(A) Tax on profession
(B) Capital gains tax
(C) Income tax
(D) Wealth tax
Correct Answer: [A] Tax on profession.
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