No. of questions - 20
Time - 10 min
Negative marking : -0.25 mark
1.
Which one of the following statements regarding the levying, collecting and distribution of Income Tax is correct?
2.
Who had suggested an imposition of ‘expenditure tax’ in India for the first time?
3.
The most important source of revenue for Indian Government is
4.
Which of the following taxes is levied and collected by the Union but distributed between Union and States?
5.
The main source of revenue for the National Highway Authority of India is
6.
Which one of the following is not a tax/duty levied by the Government of India?
7.
Which tax is levied and collected by the Union Government but distributed between the Union and the States?
8.
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
9.
Service Tax in India was introduced in the year
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.
A redistribution of income in a country can be best brought through
12.
Which of the following tax is levied by Union but collected and appropriated by States?
13.
Find the tax which is direct tax among the following.
14.
The tax on Import and Export is known as
15.
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
