Which of the following is a non-tax revenue receipt for the central government? MCQ with Answer and Explanation

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Which of the following is a non-tax revenue receipt for the central government?

A. Income tax

B. Dividends from public sector enterprises

C. Corporate tax

D. GST

Answer: Option B

Solution (By JKSSB Mock Tests)

Dividends from public sector enterprises are non-tax revenue receipts.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Appropriation Bill' is passed by Parliament to:

A. authorize withdrawal of funds from the Consolidated Fund of India

B. regulate banks

C. declare war

D. impose new taxes

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Correct Answer: Option A

Explanation:
The Appropriation Bill allows the government to withdraw funds from the Consolidated Fund of India.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Spices Board of India' is headquartered in:

A. Kochi

B. Mumbai

C. Delhi

D. Chennai

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Correct Answer: Option A

Explanation:
The Spices Board of India is headquartered in Kochi.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of monopolistic competition?

A. Perfect knowledge and free entry without costs

B. Single seller

C. Homogeneous product

D. Product differentiation

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Correct Answer: Option D

Explanation:
Monopolistic competition is characterised by product differentiation, a large number of firms, free entry and exit, and some degree of price control by firms.

This question belongs to: Economy GK Economy Set 1

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