Economy Set – 5 (Public Finance (Tax))

No. of questions - 20

Time - 10 min

Negative marking : -0.25 mark

1. 
Chelliah committee is related to
2. 
Value Added Tax was first introduced in India in
3. 
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

4. 
Which of the following taxes does not directly increase the price of a commodity to buyers?
5. 
Of the following taxes which one is not levied by State Governments ?
6. 
Corporation tax
7. 
The recommendation of the Kelkar Task Force related to
8. 
Which one of the following is correctly matched?
9. 
Which of the following is not a direct tax in India?
10. 
Agricultural Income Tax is assigned to the State Government by
11. 
The Kelkar proposals which were
12. 
Which one of the following sets of sources of revenue belongs to the Union Government alone?
13. 
The largest sources of tax revenue to Central Government of India are
14. 
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

15. 
When was the Wealth tax first introduced in India?
16. 
The objective of SEZ is
17. 
From which of the tax following direct taxes gives maximum net revenue to the Government?
18. 
Which of the following are the indirect tax?
19. 
Service tax was introduced in India on the recommendation of
20. 
Corporation Tax is on
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