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