The 'Tax Deducted at Source' on salary is deducted by: MCQ with Answer and Explanation

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The 'Tax Deducted at Source' on salary is deducted by:

A. RBI

B. employer

C. Income Tax Department

D. employee

Answer: Option B

Solution (By JKSSB Mock Tests)

Employer deducts TDS on salary.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The International Solar Alliance was launched by India and France to promote:

A. oil trade

B. nuclear energy

C. coal energy

D. solar energy deployment

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Correct Answer: Option D

Explanation:
The International Solar Alliance promotes solar energy deployment.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following methods estimates national income by summing wages, rent, interest and profit?

A. Expenditure method

B. Value added method

C. Production method

D. Income method

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Correct Answer: Option D

Explanation:
The income method sums all factor incomes: wages, rent, interest and profit.

This question belongs to: Economy GK Economy Set 1

Question #3

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NABARD was established in 1982 based on the recommendations of:

A. Rangarajan Committee

B. Narasimham Committee

C. Sivaraman Committee

D. Kelkar Committee

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Correct Answer: Option C

Explanation:
NABARD was established on the recommendation of the Sivaraman Committee.

This question belongs to: Economy GK Economy Set 1

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