Economy Set – 5 (Public Finance (Tax))

No. of questions - 20

Time - 10 min

Negative marking : -0.25 mark

1. 
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

2. 
When was the Wealth tax first introduced in India?
3. 
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

4. 
Which of the following taxes does not directly increase the price of a commodity to buyers?
5. 
Which of the following is not a direct tax in India?
6. 
From which of the tax following direct taxes gives maximum net revenue to the Government?
7. 
The largest sources of tax revenue to Central Government of India are
8. 
The recommendation of the Kelkar Task Force related to
9. 
Value Added Tax was first introduced in India in
10. 
Service tax was introduced in India on the recommendation of
11. 
The objective of SEZ is
12. 
Agricultural Income Tax is assigned to the State Government by
13. 
Which one of the following is correctly matched?
14. 
Chelliah committee is related to
15. 
Which one of the following sets of sources of revenue belongs to the Union Government alone?
16. 
The Kelkar proposals which were
17. 
Of the following taxes which one is not levied by State Governments ?
18. 
Which of the following are the indirect tax?
19. 
Corporation Tax is on
20. 
Corporation tax
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