for the mamootty fans of kerala part 1

Objective Type Questions in Banking 1 
 1. The largest revenue in India is obtained from __________
(A) Railways
(B) Excise Duty
(C) Sales Tax
(D) Direct Taxes
Ans : (B)

2. The tax levied by Central Government and collected by State Government is ________
(A) Stamp Duty
(B) Excise Duty
(C) Income Tax
(D) Gift Tax
Ans : (A)

3. What is the major share in revenue of State Governments?
(A) Stamp Duty
(B) Excise Duty
(C) Sales Tax
(D) Income Tax
Ans : (C)

4. The tax levied by Local Governments i.e. Municipal Corporations and municipalities is ____________
(A) Income Tax
(B) Wealth Tax
(C) House Tax
(D) Gift Tax
Ans : (C)

5. The tax collected by the State Governments and given to local bodies is __________
(A) Income Tax
(B) Wealth Tax
(C) House Tax
(D) Professional Tax
Ans : (D)

6. The period for Call Money is ________
(A) 10 to 15days
(B) 1 to 14 Days
(C) 15 to 30 Days
(D) One Month
Ans : (B)