Q.21)-Excise duty on a commodity is payable with reference to its-
  • Production
  • Production and Sale
  • Production and Transportation
  • Production,Transportation and Sale
Q.22)-If the tax rate increases with the higher level of income, it shall be called-
  • Proportional Tax
  • Progressive Tax
  • Lump sum Tax
  • Regressive Tax
Q.23)-Which of the following sets belong to Central tax?
  • Excise Duty, Sales Tax and Customs Duty
  • Excise Duty, Customs Duty and Income Tax
  • Income Tax, Customs Duty and House Tax
  • Customs Duty, Entertainment Tax and Income Tax
Q.24)-Which of the following taxes is not shared between the union and the states?
  • Income Tax
  • Excise Duty
  • Corporation Tax
  • Sales Tax
Q.25)-Which of thefollowing taxes is levied by the Union and appropriated and planned by the states?
  • Service Tax
  • Stamp Duty
  • Property Tax
  • Passenger and Freight Duty
Q.26)-Which of the following taxes is such which does not cause rise in price?
  • Import Duty
  • Income Tax
  • Octoroi
  • Sales Tax
Q.27)-Who among the following has suggested tax on expenditure?
  • Dalton
  • Kaldor
  • Musgrave
  • Gautam Mathur
Q.28)-The proceeds of income tax go to-
  • Central Government
  • State Government
  • Centre and States
  • Corporation Authorities
Q.29)-How does the consumer benefit wth VAT?
  • It removes tax on tax and thus reduces price rise
  • Reduces the cost of production
  • With the abolition of the sales tax
  • Due to the exemption of small buisnesses from the tax within certain limits prescribed by the state
Q.30)-The receipts of which of the following taxes/duties are not shared with the states?
  • Tax on income except agriculture
  • Corporation tax
  • Surcharge on Income tax
  • Capital gain tax