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- 1. Multiple Choice
Tax is imposed by the government because _______
It acts as a substantial revenue for the government
Government is able to manage the demand in the market
Brings equality to income and wealth in the country
All of the above
- 2. Multiple Choice
______ type of tax is imposed on the supply of goods and services.
Supply tax
Income tax
Goods and Service tax (GST)
Property tax
- 3. Multiple Choice
These taxes are direct taxes:
Income tax
Capital gain tax
Sales tax
Value added tax
- 4. Multiple Choice
What kind of tax is GST?
Direct tax
Indirect tax
depends on the type of goods and service
None of the above
- 5. Fill in the Blank
_____ is the country that offers businesses and individuals with low or no income tax.
- 6. Multiple Choice
Tax Haven countries are ______
India
The Bahamas
USA
Bahrain
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