Which of the following is NOT a source of non-tax revenue for the government of India? MCQ with Answer and Explanation

Question
Which of the following is NOT a source of non-tax revenue for the government of India?
A. Dividends from PSUs
B. Interest receipts
C. Fees and fines
D. Corporation tax
Answer: Option D
Solution (By JKSSB Mock Tests)
Corporation tax is a tax revenue. Interest receipts, dividends from public sector undertakings, and fees and fines are non-tax revenues.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
Which of the following is a major objective of monetary policy in a developing country like India?
A. Price stability consistent with growth and financial stability
B. Only promoting imports
C. Only maximising inflation
D. Only maximising fiscal deficit
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Correct Answer: Option A

Explanation:
The primary objective of monetary policy in India is to maintain price stability while keeping in mind the objective of growth, along with ensuring financial stability.
This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Framing Effects' demonstrates that:
A. Preferences are completely invariant to description
B. The way in which a choice is presented can systematically affect decisions even when the underlying outcomes are identical
C. Only the objective outcomes matter
D. Framing never affects choices
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Correct Answer: Option B

Explanation:
Framing effects occur when logically equivalent descriptions of the same decision problem lead to different choices, violating the invariance assumption of standard rational-choice theory.
This question belongs to: Economy GK Economy Set 1
Question #3
Total utility is maximum when marginal utility is:
A. equal to average utility
B. zero
C. negative
D. maximum
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Correct Answer: Option B

Explanation:
Total utility reaches its maximum when marginal utility is zero; beyond this point, marginal utility becomes negative and total utility falls.
This question belongs to: Economy GK Economy Set 1
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