Q.61)-Which one of the following taxes is collected and utilized by the State Governments?
  • Personal income tax
  • Corporation tax
  • Land revenue
  • Custom duties
Q.62)-Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states?
  • Expenditure Tax and Gift Tax
  • Additional Duties of Excise in lieu of Sale Tax
  • Stamps and Registration
  • Taxes on Advertisement
Q.63)-In India which of the following taxes is levied by the state governments?
  • Excise duty on liquor
  • Capital gains tax
  • Customs tax
  • Corporation tax
Q.64)-Excise duty is levied on-
  • Sale of goods
  • Production of goods
  • Import of goods
  • Export of goods
Q.65)-The GST recently passed by Government will be levied on which of the following products?
  • Petroleum Crude
  • Tobacco
  • Natural Gas
  • Aviation Turbine Fuel
Q.66)-Tax on Inheritance is called _________________
  • Excise Duty
  • Estate Duty
  • Gift Tax
  • Sales Tax
Q.67)-Which of the following tax systems will help to reduce economic inequalities in India?
  • Regressive Tax
  • Progressive Tax
  • Flat rate tax
  • None of these
Q.68)-Which state Government has recently abolished "agriculture income tax"
  • Karnataka
  • Rajasthan
  • Bihar
  • Assam
Q.69)-CENVAT is related to which of the following?
  • Sales Tax
  • Excise Duty
  • Custom Duty
  • Service Tax
Q.70)-What is an octroi?
  • Tax
  • Tax collection center
  • Tax processing center
  • Tax information center