Economy Set – 5 (Public Finance (Tax))

No. of questions - 20

Time - 10 min

Negative marking : -0.25 mark

1. 
When was the Wealth tax first introduced in India?
2. 
Corporation tax
3. 
Value Added Tax was first introduced in India in
4. 
Corporation Tax is on
5. 
Which of the following taxes does not directly increase the price of a commodity to buyers?
6. 
Service tax was introduced in India on the recommendation of
7. 
Which one of the following sets of sources of revenue belongs to the Union Government alone?
8. 
Of the following taxes which one is not levied by State Governments ?
9. 
The objective of SEZ is
10. 
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

11. 
Chelliah committee is related to
12. 
The largest sources of tax revenue to Central Government of India are
13. 
Agricultural Income Tax is assigned to the State Government by
14. 
Which of the following is not a direct tax in India?
15. 
Which one of the following is correctly matched?
16. 
The Kelkar proposals which were
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. 
The recommendation of the Kelkar Task Force related to
19. 
Which of the following are the indirect tax?
20. 
From which of the tax following direct taxes gives maximum net revenue to the Government?
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