Economy Set – 5 (Public Finance (Tax))

No. of questions - 20

Time - 10 min

Negative marking : -0.25 mark

1. 
Which of the following are the indirect tax?
2. 
Corporation tax
3. 
Which of the following taxes does not directly increase the price of a commodity to buyers?
4. 
Agricultural Income Tax is assigned to the State Government by
5. 
Chelliah committee is related to
6. 
The largest sources of tax revenue to Central Government of India are
7. 
Of the following taxes which one is not levied by State Governments ?
8. 
The objective of SEZ is
9. 
Which of the following is not a direct tax in India?
10. 
From which of the tax following direct taxes gives maximum net revenue to the Government?
11. 
When was the Wealth tax first introduced in India?
12. 
Corporation Tax is on
13. 
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

14. 
Value Added Tax was first introduced in India in
15. 
The recommendation of the Kelkar Task Force related to
16. 
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

17. 
Which one of the following sets of sources of revenue belongs to the Union Government alone?
18. 
Which one of the following is correctly matched?
19. 
Service tax was introduced in India on the recommendation of
20. 
The Kelkar proposals which were
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