Q.1)-Which among of the following is direct tax?
  • Sales Tax
  • Excise Tax
  • Wealth Tax
  • Entertainment Tax
Q.2)-Which among of the following is largest source of income for central govt.?
  • Direct Taxes
  • Custom Duty
  • Excise Duty
  • Entertainment Tax
Q.3)-Which among of the following is not direct tax?
  • Income Tax
  • Property Tax
  • Gift Tax
  • Sales Tax
Q.4)-The Example of Sales tax is-
  • Coorporate Tax
  • Direct Tax
  • Indirect Tax
  • Welfare Tax
Q.5)-Which of the following tax is imposed by state govt.?
  • Entertainment Tax
  • Property Tax
  • Income Tax
  • Corporate Tax
Q.6)-Taxes are called as Regressive when-
  • More burden on poor as compared to rich
  • It causes same burden on rich and poor
  • Less burden on poor as compared to rich
  • None of these
Q.7)-In case of direct tax, impact of tax & incidence of tax is-
  • One two different person
  • On same person
  • Any other person
  • On that department which called tax
Q.8)-Who was the Chairman of Tenth Finance Commission?
  • Manmohan Singh
  • Vasant Sathe
  • Shiv Shankar
  • K.C. Pant
Q.9)-Who was the Chairman of 13th Finance Commission?
  • Dr. Vijay L Kelkar
  • Dr. C Rangrajan
  • Dr. A.M. Khusro
  • Dr. C. Subbarao
Q.10)-Which among of the following is not a 'canon of taxation' according to Adam Smith?
  • Canon of certainty
  • Canon of simplicity
  • Canon of convenience
  • Canon of economy inefficiency