NICL Important Question- NICL 2015

1. Why the Indirect taxes are termed regressive taxing mechanisms?
They are charged the same for all income groups
They are charged at higher rates than direct taxes
They are charged the same for all income groups
None of the above is a correct reason
2. Recently, which among the following products is facing imports ban from China?
Rice
Milk and Milk Products
Telecom Equipment
Power Equipment
3. The RBI has decided to auction Inflation Indexed Bonds. The index of these Inflation Indexed Bonds is pegged to ___?
WPI
CPI
Both WPI and CPI
None of the above
4. The steel plants of Durgapur, Bhilai & Rourkela were set up under which among the following five year plans?
1st
2nd
3rd
5th
5. The Fajr (Dawn) satellite, is an observation satellite launched by which one of the following countries, recently?
USA
Mexico
Iran
Pakistan
6. Nobel Prize winner Charles Townes, who passed away recently, was associated with which one of the following inventions?
Bulb
X-Ray
EEG
Laser
7. Which among the following states is the site for India’s first International Institute of Music?
Uttar Pradesh
Punjab
Kerala
Karnataka
8. Recently, which one of the following schemes of union government has entered into Guinness book of world record?
Prime Minister Jan Dhan Yojana
MGNREGA
Indira Awas Yojana
Swatcha Bharat Abhiyan
9. Who among the following is the author of the book “Neither A Hawk, Nor A Dove”?
Rehman Khan
Khurshid Mahmud Kasuri
Zahir Khan
Irfan Pathan
10. The “Channapatna toys” are a particular form of wooden toys that are manufactured in which state?
Tamilnadu
Bihar
Karnataka
Mizoram
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