The 'Central Board of Indirect Taxes and Customs' is a part of: MCQ with Answer and Explanation

Question

Share Report Error

The 'Central Board of Indirect Taxes and Customs' is a part of:

A. Ministry of Finance

B. SEBI

C. Ministry of Commerce

D. RBI

Answer: Option A

Solution (By JKSSB Mock Tests)

CBIC is part of the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Tenth Five Year Plan' period was:

A. 1997-2002

B. 2007-2012

C. 2002-2007

D. 2000-2005

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Tenth Five Year Plan covered 2002-2007.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Manufacturing Policy' aims to create how many additional jobs?

A. 200 million

B. 500 million

C. 50 million

D. 100 million

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The National Manufacturing Policy aims to create 100 million additional jobs by 2022.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Seigniorage' is most closely related to:

A. Interest payments on public debt

B. Revenue from disinvestment

C. Tax revenue from income tax

D. The real resources obtained by the government through the issue of base money

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Seigniorage is the purchasing power that the government obtains by issuing base money; it equals the real value of the increase in base money.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs