Which one of the following is an example of direct tax?
Tax on income
Customs duty
Excise duty
Sales Tax
Match the following
1) Public Good - a) Tax on imports
2) Direct Taxation - b) Public expenditure
3) Development Expenditure - c) Tax on Corporate Profits
4) Indirect Taxation - d) National Defence
1(c), 2(d), 3(a), 4(b)
1(b), 2(a), 3(c), 4(d)
1(a), 2(b),3(c),4(d)
1(d), 2(c), 3(b),4(a)
The taxes on entertainment such as cinema and circus.
Surcharge
Turnover tax
Entertainment Tax
What is the main objective of public expenditure ?
Economic welfare
Non Economic welfare
Social Welfare
Cultural Welfare
Who is the present Finance Minister of India?
P.Chidambaram
Pranab Mukherjee
E.Ahammed
Lalu Prasad Yadav
An example for Revenue expenditure.
Irrigation Projects
Hospitals
Power Projects
National Highways
The benefits of consuming a good or service accrue to society as a whole.
Public goods
Private goods
Durable goods
Economic goods
If a tax is levied on the sales of product, the price the consumers pay
Falls
Rises
Remains constant
Less than the price
Which one of the following is a good that is both non- excludable and non rivalrous ?
Public Good
Social Good
Private Good
Economic Good
An example for indirect taxation?
Taxation on personal incomes
Taxation on corporate profits
Taxation on wealth / profits
Taxation on exports
