Which of the following statements about gift tax in India is correct? 1. Gift tax was abolished in 1998 and re-introduced in 2004. 2. Any gifts received exceeding Rs 1,00,000 in a financial year are added to the person's “income from other sources” and taxed according to the income tax slab.

Consider the following statements about innovation and research and development in India: 1. India's rank in Global Innovation Index reported by WIPO has improved significantly between 2015 and 2024.…

Which of the following components of Central Government taxes on petroleum products is/are not shareable with the States? 1. Basic Excise Duty 2. Additional Excise Duty 3. Special Additional Excise D…

Which one of the following statements is correct with reference to FEMA in India?

With reference to 'IFC Masala Bonds', which of the statements given below is/are correct? 1. The International Finance Corporation, which offers these bonds, is an arm of the World Bank. 2. They are…

Which of the following are the sources of income for the Reserve Bank of India? I. Buying and selling Government bonds II. Buying and selling foreign currency III. Pension fund management IV. Lending…