Smartindia Classroom
CONTENTS
Political Science
Economics
Geography
History
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Question-1
The compulsory charge levied by the government is
(A)
Licence
(B)
Gifts and grants
(C)
Loan
(D)
Tax
Question-2
Tax revenue deals with the
(A)
Fees
(B)
Kinds of taxes
(C)
Revenue
(D)
Non tax revenue
Question-3
Taxes levied on the imports and exports of goods are known as
(A)
Personal income tax
(B)
Corporation tax
(C)
Custom duties
(D)
Central excise
Question-4
The federal form of government consists of
(A)
Central, state and local government
(B)
Central and state government
(C)
State and local government
(D)
All the above
Question-5
In ZBB every year is considered as a
(A)
Base year
(B)
Financial year
(C)
New year
(D)
Academic year
Question-6
Which one of the following is indirect tax ?
(A)
Customs
(B)
Estate duty
(C)
Income tax
(D)
Wealth tax
Question-7
_________ budget is a situation, in which estimated revenue of the government during the year is equal to its anticipated expenditure.
(A)
Surplus
(B)
Balanced
(C)
Deficit
(D)
None of these
Question-8
VAT is a good example of which kind of tax?
(A)
Direct
(B)
Ad valorem
(C)
Specific
(D)
Indirect tax
Question-9
Which one of the following is revenue expenditure?
(A)
payment of interest
(B)
Purchase of building
(C)
Purchase of machinery
(D)
Loans granted to a state government
Question-10
__________ tax is a direct tax levied on income of person.
(A)
Corporation
(B)
Personal income
(C)
Central excise
(D)
Wealth
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Plus 2 Humanities
Tamil Nadu (English Medium)
Practice in Related Chapters
Nature and Scope of Economics
Basic Economic Problems
Theory of Consumer Behaviour
Demand and Supply
Equilibrium Price
Marginal Productivity Theory of Distribution
Production
Cost and Revenue
Market Structure and Planning
Fiscal Policy
Simple Theory of Income Determination
Monetary Policy
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