Smartindia Classroom
CONTENTS
Political Science
Economics
Geography
History
Back to home
Start Practice
Question-1
An example of an indirect tax is
(A)
Income tax
(B)
VAT
(C)
A tax of profits
(D)
Inheritance tax
Question-2
Nationalization occurs when:
(A)
The government sells assets to the private sector
(B)
The government bans a product
(C)
The government takes ownership of a business
(D)
The government taxes a product to raise its price
Question-3
Tax incidence is the
(A)
Behaviour of shifting the tax to another party
(B)
Structure of the tax
(C)
Ultimate distribution of a tax's burden
(D)
Measure of the impact the tax has on employment and output
Question-4
In ZBB every year is considered as a
(A)
Base year
(B)
Financial year
(C)
New year
(D)
Academic year
Question-5
VAT is a good example of which kind of tax?
(A)
Direct
(B)
Ad valorem
(C)
Specific
(D)
Indirect tax
Question-6
__________ tax is a direct tax levied on income of person.
(A)
Corporation
(B)
Personal income
(C)
Central excise
(D)
Wealth
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
__________ budget consist of capital receipts and payments.
(A)
Revenue
(B)
Capital
(C)
Both 1 and 2
(D)
None of these
Question-9
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-10
Which one of the following is indirect tax ?
(A)
Customs
(B)
Estate duty
(C)
Income tax
(D)
Wealth tax
Your Score 0/10
Click
here
to see your answersheet and detailed track records.
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
Powered By
