Economy Set – 5 (Public Finance (Tax))

No. of questions - 20

Time - 10 min

Negative marking : -0.25 mark

1. 
The Kelkar proposals which were
2. 
The largest sources of tax revenue to Central Government of India are
3. 
Agricultural Income Tax is assigned to the State Government by
4. 
From which of the tax following direct taxes gives maximum net revenue to the Government?
5. 
The objective of SEZ is
6. 
Which of the following are the indirect tax?
7. 
Service tax was introduced in India on the recommendation of
8. 
Which of the following taxes does not directly increase the price of a commodity to buyers?
9. 
Which of the following is not a direct tax in India?
10. 
Value Added Tax was first introduced in India in
11. 
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

12. 
Which one of the following sets of sources of revenue belongs to the Union Government alone?
13. 
When was the Wealth tax first introduced in India?
14. 
Of the following taxes which one is not levied by State Governments ?
15. 
The recommendation of the Kelkar Task Force related to
16. 
Corporation tax
17. 
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

18. 
Corporation Tax is on
19. 
Chelliah committee is related to
20. 
Which one of the following is correctly matched?
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