UPSC Indian Revenue Service (IRS) MCQs
UPSC Indian Revenue Service (IRS) MCQs Designed to align with the actual exam pattern, they help aspirants test their knowledge, enhance their problem-solving abilities, and improve time management skills. Whether you're just beginning your preparation or revising key concepts, our IRS MCQs provide a valuable resource for boosting your chances of success in the UPSC exam and securing a prestigious position in the Indian Revenue Service.
Q1. Which Article of the Indian Constitution deals with the Union List?
📘 View ExplanationQ2. GST was introduced in India in which year?
📘 View ExplanationQ3. Which one of the following is a direct tax?
📘 View ExplanationQ4. Fiscal deficit represents:
📘 View ExplanationQ5. Who prepares the Union Budget in India?
📘 View ExplanationQ6. The Reserve Bank of India functions as:
📘 View ExplanationQ7. Which is the largest contributor to India’s GDP?
📘 View ExplanationQ8. What is the term “GDP”?
📘 View ExplanationQ9. Which of the following is NOT a revenue expenditure?
📘 View ExplanationQ10. Which article defines the Union List?
📘 View ExplanationQ11. Who is the Chief Economic Adviser to the Government of India?
📘 View ExplanationQ12. Which is a commonly used financial indicator to measure inflation?
📘 View ExplanationQ13. Which Indian state contributes the maximum to the national economy?
📘 View ExplanationQ14. Which government scheme aims at financial inclusion in rural India?
📘 View ExplanationQ15. Fiscal Policy involves:
📘 View ExplanationQ16. Which of the following is an indirect tax?
📘 View ExplanationQ17. The “Economic Survey of India” is presented before:
📘 View ExplanationQ18. Which organisation rates the public debt of India?
📘 View ExplanationQ19. Which is NOT a money market instrument?
📘 View ExplanationQ20. The base year for calculating GDP in India is:
📘 View ExplanationQ21. “Monetary Policy” in India is formulated by:
📘 View ExplanationQ22. Which Mayer Framework relates to fiscal federalism?
📘 View ExplanationQ23. Which tax is levied on goods manufactured in India?
📘 View ExplanationQ24. Which is the largest source of revenue for the Indian government?
📘 View ExplanationQ25. “Balance of Payments” includes:
📘 View ExplanationQ26. The “Golden Quadrilateral” project is related to:
📘 View ExplanationQ27. Which financial institution provides long-term finance for agriculture?
📘 View ExplanationQ28. Which organisation releases the “World Economic Outlook” report?
📘 View ExplanationQ29. GST replaced which of the following indirect taxes?
📘 View ExplanationQ30. Which Article in Indian Constitution deals with the Finance Commission?
📘 View ExplanationQ31. “Fiscal Deficit” means:
📘 View ExplanationQ32. “Bootstrapping” in economics refers to:
📘 View ExplanationQ33. Which Indian organization prepares the Index of Industrial Production?
📘 View ExplanationQ34. Which Article provides for the Consolidated Fund of India?
📘 View ExplanationQ35. “Disinvestment” means:
📘 View ExplanationQ36. Which of the following is thrusted by the Finance Commission?
📘 View ExplanationQ37. Which is the largest public sector bank in India?
📘 View ExplanationQ38. “Capital Market” deals in:
📘 View ExplanationQ39. Which tax is subsumed under GST?
📘 View ExplanationQ40. Which committee in India reviews the tax structure?
📘 View ExplanationLatest Blogs
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