No. of questions - 20
Time - 10 min
Negative marking : -0.25 mark
1.
Service Tax in India was introduced in the year
2.
The most important source of revenue for Indian Government is
3.
Who had suggested an imposition of ‘expenditure tax’ in India for the first time?
4.
Which tax is levied and collected by the Union Government but distributed between the Union and the States?
5.
Which of the following tax is levied by Union but collected and appropriated by States?
6.
Find the tax which is direct tax among the following.
7.
The main source of revenue for the National Highway Authority of India is
8.
The tax on Import and Export is known as
9.
Which of the following taxes is levied and collected by the Union but distributed between Union and States?
10.
Consider the following taxes.
1. Corporation Tax
2. Customs Duty
3. Wealth Tax
4. Excise Duty
Which of these is/are indirect taxes?Deselect Answer
11.
Consider the following statements. In India, Stamp duties on financial transactions are
1. Levied and collected by the state
2. Appropriated by the Union Government
Which of these statement(s) is/are correct?Deselect Answer
12.
A redistribution of income in a country can be best brought through
13.
Which one of the following is not a tax/duty levied by the Government of India?
14.
Consider the following taxes.
1. Sales Tax
2. Income Tax
3. Corporate Tax
4. Entertainment Tax
Which of the above taxes are levied by the state government and not shared by central government?Deselect Answer
15.
Which one of the following statements regarding the levying, collecting and distribution of Income Tax is correct?
