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Financial Relations between the Centre and the States

Financial Relations between the Centre and the States

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Which article of the Indian Constitution deals with the distribution of revenues between the Centre and the States?

  1. Article 268
  2. Article 269
  3. Article 270
  4. Article 271
Question 2 Multiple Choice (Single Answer)

Which of the following is not a source of revenue for the Central Government?

  1. Income Tax
  2. Customs Duty
  3. Excise Duty
  4. Sales Tax
Question 3 Multiple Choice (Single Answer)

Which of the following is not a source of revenue for the State Governments?

  1. Land Revenue
  2. Stamp Duty
  3. Registration Fee
  4. Corporate Tax
Question 4 Multiple Choice (Single Answer)

Which of the following is a type of tax that is levied by both the Central and State Governments?

  1. Income Tax
  2. Sales Tax
  3. Excise Duty
  4. Property Tax
Question 5 Multiple Choice (Single Answer)

Which of the following is a type of tax that is levied only by the Central Government?

  1. Customs Duty
  2. Excise Duty
  3. Service Tax
  4. Value Added Tax
Question 6 Multiple Choice (Single Answer)

Which of the following is a type of tax that is levied only by the State Governments?

  1. Land Revenue
  2. Stamp Duty
  3. Registration Fee
  4. Entertainment Tax
Question 7 Multiple Choice (Single Answer)

Which of the following is a type of tax that is shared between the Central and State Governments?

  1. Income Tax
  2. Sales Tax
  3. Excise Duty
  4. Wealth Tax
Question 8 Multiple Choice (Single Answer)

Which of the following is a type of tax that is levied by the Central Government but collected by the State Governments?

  1. Customs Duty
  2. Excise Duty
  3. Service Tax
  4. Value Added Tax
Question 9 Multiple Choice (Single Answer)

Which of the following is a type of tax that is levied by the State Governments but collected by the Central Government?

  1. Land Revenue
  2. Stamp Duty
  3. Registration Fee
  4. Entertainment Tax
Question 10 Multiple Choice (Single Answer)

Which of the following is a type of grant that is given by the Central Government to the State Governments?

  1. Revenue Deficit Grant
  2. Capital Deficit Grant
  3. Plan Grant
  4. Non-Plan Grant
Question 11 Multiple Choice (Single Answer)

Which of the following is a type of grant that is given by the Central Government to the State Governments for specific purposes?

  1. Revenue Deficit Grant
  2. Capital Deficit Grant
  3. Plan Grant
  4. Non-Plan Grant
Question 12 Multiple Choice (Single Answer)

Which of the following is a type of grant that is given by the Central Government to the State Governments for non-specific purposes?

  1. Revenue Deficit Grant
  2. Capital Deficit Grant
  3. Plan Grant
  4. Non-Plan Grant
Question 13 Multiple Choice (Single Answer)

Which of the following is a type of loan that is given by the Central Government to the State Governments?

  1. Ways and Means Advance
  2. Overdraft
  3. Medium-Term Loan
  4. Long-Term Loan
Question 14 Multiple Choice (Single Answer)

Which of the following is a type of loan that is given by the Central Government to the State Governments for specific purposes?

  1. Ways and Means Advance
  2. Overdraft
  3. Medium-Term Loan
  4. Long-Term Loan
Question 15 Multiple Choice (Single Answer)

Which of the following is a type of loan that is given by the Central Government to the State Governments for non-specific purposes?

  1. Ways and Means Advance
  2. Overdraft
  3. Medium-Term Loan
  4. Long-Term Loan
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