Smartindia Classroom
CONTENTS
English
Economics
History & Civics
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Question-1
Under federal system of governments, there should be ______________
(A)
Only one governemnt
(B)
There would be two governemnts
(C)
There would be centre, state and local governments
(D)
None of these
Question-2
Which is not included in the canons of taxation developed by Adam smith?
(A)
Canons of transparency
(B)
Cannons of equality
(C)
Canons of certainity
(D)
Canon of convenience
Question-3
___________________ is the branch of economics deals with revenue and expenditure of the government
(A)
Public revenue
(B)
Public expenditure
(C)
Public finances
(D)
Monetary finances
Question-4
India have ________________ system of government.
(A)
Federal
(B)
Capitalist
(C)
Marxist
(D)
None of these
Question-5
________________ refers to the person who bears the burden of the tax finally
(A)
Impact
(B)
Incidence
(C)
Tax transparency
(D)
None of these
Question-6
____________________ is a kind of charge levied on persons who are the beneficiaries to defray the cost of a specific improvement to property undertaken in the public interest.
(A)
License fees
(B)
Fines
(C)
Special assessment
(D)
Customs charges
Question-7
Rich class is taxed less under ________________ system of taxation.
(A)
Proportional
(B)
Progressive
(C)
Regressive
(D)
Degressive
Question-8
Government raises funds through ________________
(A)
Taxes
(B)
Fees
(C)
Fines
(D)
All of these
Question-9
________________ is not an example of direct taxes.
(A)
Capiatl gains tax
(B)
sales tax
(C)
Customs duty
(D)
Property tax
Question-10
Government spends the funds for ________________
(A)
maintenance of law
(B)
maintenance of order
(C)
Social development
(D)
All of these
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Plus 2 Humanities
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