BIHAR CGL GENERAL STUDIES QUIZ

Question 1:

Which of the following best describes the capital gain tax in India ?

Tax on dividend received from corporate bonds

Tax on profit from sale of a capital assets during a year

Tax on interest received from bank fixed deposits

Tax on profit from sale of share held for more than 12 months.

Question 2:

For the financial year 2020-21 an Individual taxpayer's tax liability will be zero if its income in the financial year is ?

less than Rs 2.5 lakhs per year

less than 1.5 lakhs per year

less than 2 lakhs per year

Lessthan 5 lakhs per year

Question 3:

Which method is not used to calculate GDP (Gross Domestic Product)?

Product method

Income method

Expenditure method

Diminishing cost method

Question 4:

Which of the following tax was introduced in India to achieve the goal of 'One Nation, One Tax, One Market'?

Central Excise

Custom Duty

Securities Transaction Tax

Goods and Services Tax

Question 5:

Who among the following acts as the Chairman of the GST (Goods and Services Tax) Council?

Prime Minister of India

Union Finance Minister

Chief Cabinet Secretary

Union Finance Secretary

Question 6:

The 101st Amendment to the Indian Constitution is concerned with:

Citizenship Act

Goods and Services Tax (GST)

Right to Work

Fundamental Rights

Question 7:

On which date was the Goods and Services Tax (GST) implemented in India?

1 July 2017

1 October 2017

1 January 2018

1 April 2017

Question 8:

Which of the following is a Central level tax subsumed by the Goods and Services Tax (GST)?

Entertainment tax

Octroi

Excise duty

Purchase tax

Question 9:

Which of the following sectors is BIggest tax payer in India?

Pharma Sector

Transport Sector

Industrial Sector

Agriculture Sector

Question 10:

Vivad se Vishwas scheme is related to which tax?

Indirect Tax

Direct Tax

Both Direct Tax and Indirect Tax

Neither Direct Tax nor Indirect Tax