Static Business Awareness For Tissmat

Q. Which of the following tax is not included in Goods and Services Tax (GST)?
1) Excise Duty
2) Custom Duty
3) Value Added Tax
4) Service Tax

Q. As on October 2019, how many Maharatna Companies are in India?
1) 8
2) 9
3) 10
4) 12

Q. Which of the following is the main function of National Development Council in India?
1) To activate the means and efforts of states for implementation of the planning
2) To develop the general policies in all the important areas
3) To confirm the balanced development in all the areas of the country
4) All of these

Q. Which of the following Prime Ministers of India, is regarded as the Father of Economic Reforms?
1) Rajiv Gandhi
2) P. V. Narshimha Rao
3) Atal Bihari Vajpayee
4) Manmohan Singh

Q. Which of the following taxes is also known as Google Tax?
1) Equalisation Levy
2) Capital Levy
3) Estate Duty
4) Gift Tax

Q. Consider the following statements regarding Serious Fraud Investigation Office (SFIO) –
1. It is a statutory investigation agency in India.
2. It falls under the jurisdiction of the Ministry of Corporate Affairs.
Which of the statements given above is/ are correct?
1) 1 only
2) 2 only
3) Both 1 and 2
4) Neither 1 nor 2

Q. International Financial Centre, first of its kind in India, is established in which state?
1) Maharashtra
2) Gujarat
3) West Bengal
4) Tamil Nadu

Q. NITI Ayog has replaced Planning commission, which for mulates India’s Five Year Plan. How is NITI Ayog different from planning commission –
1. NITI Ayog acts as ‘Think Tank’ of Government of India, providing both directional and policy inputs.
2. NITI Ayog has power to allocate financial resources to states unlike planning commission.
Which of the statements given above is/ are correct?
1) 1 only
2) 2 only
3) Both 1 and 2
4) Neither 1 nor 2