Podcast
Questions and Answers
What does the Centre's net tax revenue include?
What does the Centre's net tax revenue include?
- Public sector enterprises' profits
- Capital receipts
- Receipts of union territories
- States' share and NCCD (correct)
Which of the following is categorized under non-tax revenues?
Which of the following is categorized under non-tax revenues?
- Railways revenue
- Capital receipts
- Interest receipts (correct)
- Communication services revenue
What type of revenue is generated by economic services according to the text?
What type of revenue is generated by economic services according to the text?
- Interest receipts
- Capital receipts
- Dividends from public sector enterprises
- Energy revenue (correct)
Which of the following is NOT included in non-tax revenues?
Which of the following is NOT included in non-tax revenues?
Which statutory board is responsible for matters related to the levy and collection of goods and service taxes (GST), Customs, and central excise duties?
Which statutory board is responsible for matters related to the levy and collection of goods and service taxes (GST), Customs, and central excise duties?
What is a component of capital receipts according to the text?
What is a component of capital receipts according to the text?
Which department administers and enforces regulatory measures concerning goods and services tax (GST), central sales tax, stamp duties, and other relevant fiscal statutes?
Which department administers and enforces regulatory measures concerning goods and services tax (GST), central sales tax, stamp duties, and other relevant fiscal statutes?
Which board exercises control over matters relating to direct taxes like corporation tax and taxes on income?
Which board exercises control over matters relating to direct taxes like corporation tax and taxes on income?
What falls within the purview of CBIC in terms of levy and collection?
What falls within the purview of CBIC in terms of levy and collection?
Which category of government receipts consists of tax revenue and non-tax revenue?
Which category of government receipts consists of tax revenue and non-tax revenue?
Which source of revenue is classified under indirect taxes according to the text?
Which source of revenue is classified under indirect taxes according to the text?
Which statement about corporate tax is correct?
Which statement about corporate tax is correct?
Government borrowings from foreign governments and institutions primarily:
Government borrowings from foreign governments and institutions primarily:
What type of receipt does the recovery of loans represent in the hypothetical economy?
What type of receipt does the recovery of loans represent in the hypothetical economy?
If salaries of government employees are considered in the context of revenue and expenditure figures, they are classified as:
If salaries of government employees are considered in the context of revenue and expenditure figures, they are classified as:
In the context of CBIC, which entity is primarily responsible for collecting corporate tax?
In the context of CBIC, which entity is primarily responsible for collecting corporate tax?
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