Sources of Revenue, Finance Commission, Union–State Resource Sharing and GST – Group 4 Topic Quiz

About this quiz

This quiz has 30 multiple-choice questions on Sources of Revenue, Finance Commission, Union–State Resource Sharing and GST, from the Indian Economy and Development Administration in Tamil Nadu unit of the TNPSC Group 4 General Studies syllabus. - Time allowed: 30 minutes - Each question has four options and only one correct answer - No negative marking - Pass mark: 35% - Each answer comes with an explanation after you submit Topics covered: - Sources of Revenue: Tax and Non-Tax - Constitutional Division of Taxing Powers - The Finance Commission and Grants-in-Aid - Goods and Services Tax (GST) and Tamil Nadu's Own Revenue Syllabus reference: Sources of revenue; Finance Commission; Resource sharing between Union and State Governments; Goods and Services Tax (GST)

How it works

• Move freely between questions, mark them for review and change answers until you submit.
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• You won't see right or wrong while you answer.
• After you submit: your score, rank, the correct answers and explanations.
• A submitted attempt is final and cannot be changed.
• Wrong answers lose marks (negative marking).
• XP is given once; a retake earns more only if you beat your best score.

Sample questions

1. 1Which of the following is a capital receipt of the government?

   • AProceeds from disinvestment of government shares in public sector units
   • BSurplus transferred by the Reserve Bank of India
   • CDividends from public sector undertakings
   • DPassport and court fees

2. 2Direct taxes such as income tax are usually ________ in nature.

   • Aregressive, with the same rate for rich and poor
   • Bprogressive, with the rate rising as income rises
   • Cshiftable, with the burden passing to the buyer
   • Dcollected only at the point of sale