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10th -

12thgrade

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L507 - World taxes

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6 questions

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  • 1. Multiple Choice
    1 minute
    1 pt

    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
    30 seconds
    1 pt

    ______ 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
    45 seconds
    1 pt

    These taxes are direct taxes:

    Income tax

    Capital gain tax

    Sales tax

    Value added tax

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