State Finance

Description: This quiz will test your knowledge on State Finance.
Number of Questions: 15
Created by:
Tags: state finance indian politics state politics
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Which of the following is not a source of revenue for state governments in India?

  1. Sales tax

  2. Income tax

  3. Property tax

  4. Central government grants


Correct Option: B
Explanation:

Income tax is a central government tax and is not a source of revenue for state governments in India.

Which of the following is the largest source of revenue for state governments in India?

  1. Sales tax

  2. Excise duty

  3. Stamp duty

  4. Registration fee


Correct Option: A
Explanation:

Sales tax is the largest source of revenue for state governments in India, accounting for over 50% of their total revenue.

Which of the following is a major expenditure for state governments in India?

  1. Education

  2. Health

  3. Agriculture

  4. Infrastructure


Correct Option: A
Explanation:

Education is a major expenditure for state governments in India, accounting for over 20% of their total expenditure.

Which of the following is a constitutional body responsible for overseeing the finances of state governments in India?

  1. Finance Commission

  2. Planning Commission

  3. National Development Council

  4. Inter-State Council


Correct Option: A
Explanation:

The Finance Commission is a constitutional body responsible for overseeing the finances of state governments in India. It is appointed by the President of India every five years.

Which of the following is a major source of revenue for state governments in India?

  1. Mining royalties

  2. Forestry revenue

  3. Irrigation revenue

  4. All of the above


Correct Option: D
Explanation:

Mining royalties, forestry revenue, and irrigation revenue are all major sources of revenue for state governments in India.

Which of the following is a major expenditure for state governments in India?

  1. Public works

  2. Social welfare

  3. Law and order

  4. All of the above


Correct Option: D
Explanation:

Public works, social welfare, and law and order are all major expenditures for state governments in India.

Which of the following is a constitutional body responsible for overseeing the finances of state governments in India?

  1. Finance Commission

  2. Planning Commission

  3. National Development Council

  4. Inter-State Council


Correct Option: A
Explanation:

The Finance Commission is a constitutional body responsible for overseeing the finances of state governments in India. It is appointed by the President of India every five years.

Which of the following is a major source of revenue for state governments in India?

  1. Mining royalties

  2. Forestry revenue

  3. Irrigation revenue

  4. All of the above


Correct Option: D
Explanation:

Mining royalties, forestry revenue, and irrigation revenue are all major sources of revenue for state governments in India.

Which of the following is a major expenditure for state governments in India?

  1. Public works

  2. Social welfare

  3. Law and order

  4. All of the above


Correct Option: D
Explanation:

Public works, social welfare, and law and order are all major expenditures for state governments in India.

Which of the following is a constitutional body responsible for overseeing the finances of state governments in India?

  1. Finance Commission

  2. Planning Commission

  3. National Development Council

  4. Inter-State Council


Correct Option: A
Explanation:

The Finance Commission is a constitutional body responsible for overseeing the finances of state governments in India. It is appointed by the President of India every five years.

Which of the following is a major source of revenue for state governments in India?

  1. Mining royalties

  2. Forestry revenue

  3. Irrigation revenue

  4. All of the above


Correct Option: D
Explanation:

Mining royalties, forestry revenue, and irrigation revenue are all major sources of revenue for state governments in India.

Which of the following is a major expenditure for state governments in India?

  1. Public works

  2. Social welfare

  3. Law and order

  4. All of the above


Correct Option: D
Explanation:

Public works, social welfare, and law and order are all major expenditures for state governments in India.

Which of the following is a constitutional body responsible for overseeing the finances of state governments in India?

  1. Finance Commission

  2. Planning Commission

  3. National Development Council

  4. Inter-State Council


Correct Option: A
Explanation:

The Finance Commission is a constitutional body responsible for overseeing the finances of state governments in India. It is appointed by the President of India every five years.

Which of the following is a major source of revenue for state governments in India?

  1. Mining royalties

  2. Forestry revenue

  3. Irrigation revenue

  4. All of the above


Correct Option: D
Explanation:

Mining royalties, forestry revenue, and irrigation revenue are all major sources of revenue for state governments in India.

Which of the following is a major expenditure for state governments in India?

  1. Public works

  2. Social welfare

  3. Law and order

  4. All of the above


Correct Option: D
Explanation:

Public works, social welfare, and law and order are all major expenditures for state governments in India.

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