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Social Studies, History
University
financial relations between centre and state
18 questions
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- 1. Multiple Choice
Tax whose burden can be shifted to others
Direct Tax
Indirect Tax
Both
None of them
- 2. Multiple ChoiceGST was implemented in India from1st January 20171st April 20171st March 20171st July 2017
- 3. Multiple ChoiceGST is known as;Goods and Services TaxGoods and Services TaxationGold and Services TaxGold and Sanctions Tax
- 4. Multiple Choice
Taxes can be ...
Local
Regional
National
All are correct
- 5. Multiple Choice
Select the incorrect answer...
Taxes are voluntary fees
Taxes are paid by individuals and corporations
Taxes are enforced by the government
Taxes finance government activities
- 6. Multiple Choice
Talking about "direct taxes" ...
Taxpayer pays it from his own resources
Are less predictable
VAT (Value Addition Tax) is an example
All are correct
- 7. Multiple Choice
Talking about "indirect taxes"...
Value Addition Tax (VAT) is an example
Are levied per transaction
Taxpayer collects it from others and pays
All are correct
- 8. Multiple Choice
Taxes are used for ...
All are correct
Schools
Hospitals
Police
- 9. Multiple Choice
Classification of taxes ...
Direct - Indirect
Legal - Criminal
Cheap - expensive
All are correct
- 10. Multiple Choice
Indirect taxes are imposed on------------- and -------------- whereas the direct taxes are imposed on-----------------
Goods and Service, Facilities
Goods and Service, Person
Goods and Person , Service
- 11. Multiple Choice
GST is a ---------------------------- based tax on consumption of goods and services.
Destination
Delivery
- 12. Multiple Choice
An indirect tax is charged on
Profits
Gains
Spending
Income
- 13. Multiple Choice
Indirect Taxes are those whose burden ------------- to others.
Shifted
Not shifted
None of the above
- 14. Multiple Choice
The highest GST rate applicable now is
100%
28%
18%
50%
- 15. Multiple Choice
Who among the following is chairman of GST council?
Prime Minister
Finance Minister
Revenue Secretary
Chairman , CBIC
- 16. Multiple Choice
Which of the following tax is not subsumed in GST
VAT
Stamp Duty
Entry Tax
Entertainment Tax
- 17. Multiple Choice
------------------ taxes are generally not shifted and are paid in lump sum for the whole year.
Direct
Indirect
All of the above
- 18. Multiple Choice
More taxes will affect to ...
farmers
small business
workers
all are correct
- Answer choicesTagsAnswer choicesTags