Question : CBIC stands for________.
Option 1: Central Bureau of Investigation and Committee
Option 2: Central Board on Issues Related to Caste
Option 3: Central Board of Information and Communication
Option 4: Central Board of Indirect Taxes and Customs
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Correct Answer: Central Board of Indirect Taxes and Customs
Solution : The correct option is the Central Board of Indirect Taxes and Customs.
CBIC stands for Central Board of Indirect Taxes and Customs. It is the nodal government agency responsible for administering and implementing customs, GST (Goods and Services Tax), and other indirect tax laws in India. The CBIC plays a crucial role in revenue collection, policy formulation, and the enforcement of indirect tax laws in the country.
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Question : What is the basic difference in the aggregates at market price and factor cost?
Option 1: Depreciation
Option 2: Indirect taxes
Option 3: Net indirect taxes
Option 4: Direct taxes
Question : Central Bureau of Intelligence and Investigation comes under which list of the Seventh Schedule of the Indian Constitution?
Option 1: Union list
Option 2: Concurrent list
Option 3: State list
Option 4: Transferred list
Question : Dr. P. Rama Rao's committee is related to which of the following?
Option 1: Taxes
Option 2: Defence
Option 3: Industry
Option 4: Agriculture
Question : Which committee was established on Criminal-Politician and Bureaucratic nexus?
Option 1: Vohra Committee
Option 2: Indrajit Gupta Committee
Option 3: Tarkunde Committee
Option 4: Santhanam Committee
Question : In the estimation of national income, which of the following items will be subtracted from Net national product (NNP) at market price?
Option 2: Net product taxes and net production taxes
Option 4: Depreciation and net product taxes
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