Economy Set – 5 (Public Finance (Tax))

No. of questions - 20

Time - 10 min

Negative marking : -0.25 mark

1. 
Which one of the following sets of sources of revenue belongs to the Union Government alone?
2. 
Corporation tax
3. 
Agricultural Income Tax is assigned to the State Government by
4. 
The recommendation of the Kelkar Task Force related to
5. 
The Kelkar proposals which were
6. 
From which of the tax following direct taxes gives maximum net revenue to the Government?
7. 
Which among the following are the sources of revenue for the central Government?

1. Corporate Tax
2. Profit from Public Enterprises
3. Sale of National Savings Certificates
4. Loans received from the World Bank
5. Excise duties

Select the correct answer from the codes given below.Deselect Answer

8. 
Which of the following are the indirect tax?
9. 
The objective of SEZ is
10. 
Service tax was introduced in India on the recommendation of
11. 
Which among the following are true for Central Sales Tax?

1. It is levied on interstate trade.
2. It is levied in the Union Territories.
3. It is levied in the SEZ.
Select the correct answer from the codes given below.Deselect Answer

12. 
Which of the following is not a direct tax in India?
13. 
When was the Wealth tax first introduced in India?
14. 
Chelliah committee is related to
15. 
Corporation Tax is on
16. 
Which one of the following is correctly matched?
17. 
Of the following taxes which one is not levied by State Governments ?
18. 
The largest sources of tax revenue to Central Government of India are
19. 
Which of the following taxes does not directly increase the price of a commodity to buyers?
20. 
Value Added Tax was first introduced in India in
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