Q. Composition Scheme under GST is applicable to businesses with a turnover up to -
1) Rs. 1.0 crore
2) Rs. 1.5 crore
3) Rs. 2.0 crore
4) Rs. 2.5 crore
Q. Akhilesh Ranjan Panel on Direct Tax Code recommended highest rate of income tax at 35% for the annual income above -
1) Rs. 2 crore
2) Rs. 1.5 crore
3) Rs. 1.0 crore
4) Rs. 0.50 crore
Q. Akhilesh Ranjan Panel on Direct Tax Code suggested no tax up to the annual income -
1) Rs. 3 lakh
2) Rs. 4 lakh
3) Rs. 5 lakh
4) Rs. 7.5 lakh
Q. Which of following is India's oldest and most successful initiative of Digital India Programme?
1) Digilocker
2) UMANG
3) Direct Benefit Transfer
4) Pradhan Mantri Gramin Digital Saksharta Mission
Q. The WTO was founded in Geneva in which year?
1) 1st January, 1994
2) 1st January, 1995
3) 1st January, 1996
4) 1st January, 1993
Q. Who was the chairman of the 15th Finance Commission?
1) N. K. Singh
2) Shashikant Das
3) Ashoka Lavasa
4) Ratan Watal
Q. Which of the following is not the function of Reserve Bank of India (RBI)?
1) Issue of bank notes
2) Banker to Government
3) To open saving bank account for general public
4) Custodian of cash reserves of Commercial Banks
Q. The 14th Finance Commission recommended, among other things, to raise the share of states in the net proceeds of divisible pool of central tax to :
1) 32%
2) 29.5%
3) 45%
4) 42%
Q. The income tax in India is -
1) Direct and Proportional
2) Indirect and Progressive
3) Direct and Progressive
4) Indirect and Proportional
Q. Special Drawing Rights (SDRs) is available at -
1) IBRD/ World Bank
2) IMF
3) International Development Association
4) OECD
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