Question : Sam has an income of 9 lakh rupees yearly. Which tax slab (new regime) of India is applicable for him as per the new regime Income Tax Slab Rates FY 2021-22?

Option 1: 15%

Option 2: 20%

Option 3: 5%

Option 4: 10%

Question : Which tax slab is applied in India if an Individual taxpayer’s annual taxable income is more than INR 15 lakh?

Option 1: 20%

Option 2: 30%

Option 3: 10%

Option 4: 40%

Question : In India, a microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs______ as of October 2022.

Option 1: Rs 1 lakh

Option 2: Rs 8 lakhs

Option 3: Rs 3 lakhs

Option 4: Rs 5 lakhs

Question : The following sentence has been divided into parts. One of them may contain an error. Select the part that contains the error from the given options. If you don’t find any error, mark ‘No error’ as your answer.

India has joined / the global fight / among tax evasion.

Option 1: the global fight

Option 2: among tax evasion

Option 3: No error

Option 4: India has joined

Question : Which of the following neighbours of India has the highest population density?

Option 1: Bangladesh

Option 2: Sri Lanka

Option 3: China

Option 4: Pakistan