UPSC  Economics

121. Match the following.
i. 1891-1921 - a. period of stagnant population
ii. 1921-1951 - b. period of steady growth
iii. 1951-1981 - c. period of high growth
iv. 1981-2011 - d. period of declining growth rate

i-a, ii-b, iii-c, iv-d i-c, ii-b, iii-a, iv-d i-b, ii-c, iii-a, iv-d i-a, ii-b, iii-d, iv-c

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122. Which of the following is a union tax?

Corporation tax Taxes on agricultural income Capitation taxes Land revenues

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123. Consider the following statements and identify the right ones.
i. Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
ii. The constitution also provides for transferring certain tax revenues from union list to states.

i only ii only both none

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124. The tax levied by the union government on income of individuals is known as

Personal income tax Interest tax Wealth tax Corporation tax

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125. The tax on net income of companies is

Personal income tax Interest tax Wealth tax Corporation tax

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126. Consider the following statements and identify the right ones.
i. Wealth tax is collected from productive as well as unproductive assets
ii. Estate duty was a type of inheritance tax of large estates

i only ii only both none

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127. Which of the following taxes is/are withdrawn or abolished?
i. Interest tax
ii. Estate duty
iii. Gift tax
Choose the right option from below

i only i and ii i and iii only i , ii and iii only

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128. The most important source of revenue to the states is
i. Sales tax
ii. Service tax
iii. Excise duty
Choose the right option from below

i only i and ii i and iii only i , ii and iii only

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129. Consider the following statements and identify the right ones.
i. The 14th finance commission is headed by C. Rangarajan
ii. The recommendations of the commission will come into effect from April, 1, 2015

i only ii only both none

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130. Consider the following statements and identify the right ones.
i. Family planning was made target-oriented in the 1960s
ii. The period saw cafeteria approach

i only ii only both none

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