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1.	Which one of the following forms the largest share of deficit of Government of India Budget?
	A.  Revenue deficit
	B.  Primary deficit
	C.  Fiscal deficit
	D.  Budgetary deficit

Answer

Ans: C Fiscal deficit

2.	Which of the following taxes is collected by Panchayat?
	A. Sales tax
	B. Tax on local fairs
	C. Custom duty
	D. Land revenue

Answer

Ans: B Tax on local fairs

3.	When was disinvestment started in public enterprises?
	A.  1990-1991
	B.  1991 – 1992
	C.  1992 – 1993
	D.  1956

Answer

Ans: B 1991 – 1992

4.	The Finance Commission of India is appointed by the President under Article
	A.  224
	B.  200
	C.  270
	D.  280

Answer

Ans: D 280