Static Quiz 06 September 2023 (Indian Economy)

Consider the following statements regarding cess and surcharge
1. A cess imposed by the central government is a tax on tax, levied by the government for a
specific purpose.
2. Surcharge is a charge on any tax, charged on the tax already paid.
Which of the statements given above is/are correct?

Vivad Se Vishwas scheme was initiated to

Consider the following statements regarding Regional Rural Banks (RRBs)
1. They were set up on the recommendations of the Narasimham Working Group (1975).
2. The first Regional Rural Bank in India was Prathama Grameen Bank.
Which of the statements given above is/are correct?

“Food, work & productivity” was the main objective of which five-year plan?

Which of the following is/are the components used to derive Personal Income (PI)?
1. National Income (NI)
2. Undistributed profits
3. Net interest payments made by households
4. Corporate tax
5. Transfer payments
Select the correct answer using the code given below: