Economy Set – 5 (Public Finance (Tax))

No. of questions - 20

Time - 10 min

Negative marking : -0.25 mark

The largest sources of tax revenue to Central Government of India are

From which of the tax following direct taxes gives maximum net revenue to the Government?

Corporation Tax is on

Which of the following is not a direct tax in India?

Which of the following are the indirect tax?

When was the Wealth tax first introduced in India?

Chelliah committee is related to

Service tax was introduced in India on the recommendation of

Corporation tax

Agricultural Income Tax is assigned to the State Government by

Of the following taxes which one is not levied by State Governments ?

Which of the following taxes does not directly increase the price of a commodity to buyers?

Which among the following are the sources of revenue for the central Government?

1. Corporate Tax
2. Profit from Public Enterprises
3. Sale of National Savings Certificates
4. Loans received from the World Bank
5. Excise duties

Select the correct answer from the codes given below.

The recommendation of the Kelkar Task Force related to

The Kelkar proposals which were

Which one of the following is correctly matched?

Which one of the following sets of sources of revenue belongs to the Union Government alone?

Value Added Tax was first introduced in India in

Which among the following are true for Central Sales Tax?

1. It is levied on interstate trade.
2. It is levied in the Union Territories.
3. It is levied in the SEZ.
Select the correct answer from the codes given below.

The objective of SEZ is

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