Q.1. Which of the following will happen to tax rates during inflation?
(A) increase (B) decrease
(C) stable (D) fluctuation
Q.2. Which of the following sectors in India pays the maximum tax?
(A) Agriculture sector (B) Industrial sector
(C) Transport sector (D) Banking sector
Q.3. When official change occurs in the exchange-rate of domestic currency it is called-
(A) Appreciation (B) Depreciation
(C) Revaluation (D) Deflation
Q.4. In whose favor, inflation redistributes income and money?
(A) Pensioners (B) Poor
(C) Middle class (D) Rich
Q.5. Fringe Benefit tax was introduced in which of the following Budgets?
(A) 2003-04 (B) 2004-05
(C) 2005-06 (D) 2006-07
Q.6. Which of the following British personalities accepted that 1857 revolt was a national revolt?
(A) Lord Dalhousie
(B) Lord Canning
(C) Lord Ellenborough
(D) Disraeli
Q.7. Greek Ambassador sent to the court of Chandragupt Maurya was-
(A) Kautilya (B) Selucas Nicator
(C) Megasthenes (D) Justin
Q.8. Identify the European power from which Shivaji obtained cannons and ammunitions-
(A) French (B) Portuguese
(C) Dutch (D) English
Q.9. 'Back to the Vedas' was a call given by-
(A) Swami Vivekananda
(B) Swami Dayananda Saraswati
(C) Arvind Ghosh
(D) Raja Ram Mohan Roy
Q.10. The nationalist leader of India boycotted Simon Commission because-
(A) they felt that it was a show off
(B) all the members of the commission were British
(C) members of the commission were of anti- India ideology
(D) it didn't fulfill the demand of the Indians
ANSWERS
Q.1.(A) Q.2.(B) Q.3.(C) Q.4.(D) Q.5.(C) Q.6.(D) Q.7.(C) Q.8.(C) Q.9.(B) Q.10.(B)
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