MOCK TEST – INDIAN POLITY CHAPTER 20

In the context of Part XII of the Constitution of India, consider the following statements –

1. To withdraw money from the Public Accounts, Appropriation Act is not required.
2. The President has the power to vary an existing tax during an emergency.

Which of the above statements is/are correct ?

The Consolidated Fund of India shall comprise of,

1. 1. all proceeds from the stamp duties levied by the Union and collected by the states.
   2. all loans raised by the Government of India/state by the issue of Treasury Bills.
   3. all money received by the Government of India in repayment of loans.
   4. all grant-in-aid received by the Government of India.

Select the correct answer using the codes given below.

In regards to the Constitution of India, consider the following statements –

1. Appropriation Act is required to withdraw money from Contingency Fund.
2. The Contingency Fund can be established only by the Parliament.

Which of the above statements is/are CORRECT ?

Which of the following duties and taxes are levied and collected by the Government of India but assigned to the states ?

1. Excise duty on medicines containing alcohols and narcotics.
2. Duties and taxes in respect of property other than agricultural land.
3. Taxes on goods and passengers carried by railway, sea or air.
4. Taxes on transactions in stock exchanges and future markets.

Which of the following taxes are levied and collected by the Union, and distributed between Union and the states ?

1. Income tax
2. GST
3. Stamp duties levied in the state
4. Surcharges levied by the Union

In regards to stamp duties in India, consider the following statements –

1. Stamp duty is specified under State List in 7^th Schedule of the Constitution of India.
2. Stamp duties levied by the Union government, are collected by the states, and distributed among such states.

Which of the above statements is/are CORRECT ?

Which of the following statements is/are CORRECT ?

1. Parliament can impose surcharge on GST.
2. The proceeds of surcharge imposed by the Parliament do not form part of the Consolidated Fund of India.

Which of the following statements is/are CORRECT ?

1. Tax on professions can be levied only by the respective state legislatures.
2. Tax on income from professions can be levied only by the Parliament.

In regards to the GST Council of India, consider the following statements –

1. The Union Finance Minister is the ex-officio chairman.
2. Only the finance minister of a state can be elected as the Vice Chairman.
3. All decisions need to be passed by two thirds of weighted majority.
4. Union government has two third weightage in decision making.

Which of the above statements is/are CORRECT ?

Which Article of the Indian Constitution provides for the Finance Commission of India ?

Which of the following statements is INCORRECT ?

With reference to the Finance Commission of India, which of the following statements is CORRECT ?

Consider the following statements :

The function (s) of the Finance Commission is/are

1. to allow the withdrawal of money out of the Consolidated Fund of India.
2. to allocate between the states the share of proceeds of taxes.
3. to consider application from the states for Grant-in-aid from the Union.
4. to supervise and report on whether the union and state governments are leaving taxes in accordance with the budgetary provisions.

Which of the above statements is/are CORRECT ?

Who is the chairman of the 15^th Finance Commission of India ?

Consider the following statements –

1. It is mandatory upon the President of India to present the report of Finance Commission in the Parliament.
2. The state government can make grant in aid with respect to a subject mentioned in thee Union List.

Which of the above statements is/are CORRECT ?

Which of the following statements is/are CORRECT ?

1. The Legislature of a state is authorised to impose tax on consumption of electricity by an authority, established by Parliament for development of inter-state river.
2. The Parliament is authorised to impose tax on consumption of electricity by an authority, established by Parliament for development of inter-state river.

Which of the following would form part of the revenue earnings of the Union government of India ?

1. Grant in aid received from foreign countries
2. Recovery of loans granted by Government of India
3. Interest earnings on loans granted by Government of India
4. Disinvestment of Public Enterprise

Which of the following statements is INCORRECT ?

Consider the following statements –

1. India’s territorial zone in ocean extends upto 12 nautical miles.
2. The exclusive economic zone of India extends upto 500 kms.

Which of the above statements is/are CORRECT ?

Which of the following statements is/are INCORRECT ?

1. Right to property is a Fundamental Right
2. Article 300A was inserted by Constitutional 42^nd Amendment Act.