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Q 3.Corporation tax in India is levied on income of a company. Which one
of the following does not include Corporation
tax?
Anonymous Quiz
21%
(a) Profit from business
12%
b) Capital gain
52%
(c) Interest on securities
15%
(d) Sale proceed of assets
Q 4.Which one among the following is not a source of tax revenue for the
Central Government in India?
Anonymous Quiz
6%
(a) Income tax
36%
(b) Customs duties
18%
(c) Service tax
39%
(d) Motor Vehicle tax
Q 5.Which of the following statements about Krishi Kalyan Cess (KKC) is/are correct?

1.It is calculated in the same way as Service Tax. 2.The rate of KKC is 0.50%. 3.KKC is the same as Krishi Kalyan Surcharge (KKS).
Anonymous Quiz
24%
(a) 1, 2 and 3
36%
(b) 1 and 2 only
33%
(c) 2 and 3 only
6%
(d) 1 only
Q1.Who had suggested an imposition of ‘expenditure tax’ in India for the
first time?
Anonymous Quiz
19%
(a) Kalecki
31%
(b) Kaldor
38%
(c) R. J. Chelliah
13%
(d) Gautam Mathur
Q3.Which one of the following is not a tax/duty levied by the Government
of India?
Anonymous Quiz
9%
(a) Service Tax
44%
(b) Education
22%
(c) Custom Duty
25%
(d) Toll Tax
Q 4.With a view to redress the grievances of tax payers speedily, Income
Tax department has started a new electronic platform which is known
as—
Anonymous Quiz
37%
(a) e-grievances
20%
(b) e-IT
23%
(c) e-bharat
20%
(d) e-nivaran
Q 5.In India, one-rupee coins and notes and subsidiary coins are issued by
Anonymous Quiz
29%
(a) The Reserve Bank of India
62%
(b) The Central Government
4%
(c) The State Bank of India
4%
(d) The Unit Trust of India
Q 1.Who had suggested an imposition of ‘expenditure tax’ in India for the
first time?
Anonymous Quiz
11%
(a) Kalecki
57%
(b) Kaldor
26%
(c) R. J. Chelliah
6%
(d) Gautam Mathur
Q 3.Which one of the following is not a tax/duty levied by the Government
of India?
Anonymous Quiz
11%
(a) Service Tax
29%
(b) Education
13%
(c) Custom Duty
47%
(d) Toll Tax
Q 4.With a view to redress the grievances of tax payers speedily, Income
Tax department has started a new electronic platform which is known
as—
Anonymous Quiz
34%
(a) e-grievances
14%
(b) e-IT
20%
(c) e-bharat
31%
(d) e-nivaran
Q 1.If Sales tax on a commodity is raised, but the revenue earned through
its sale decrease sharply, which one of the following statements about
the nature of this commodity would be correct?
Anonymous Quiz
28%
(a) Price elasticity of demand for it is unity
24%
(b) It must be an essential goods
38%
(c) Price elasticity of demand for it is high
10%
(d) Price elasticity of demand for it is low
Q 2.Which of the following taxes fall under the state list of Indian
Constitution?
1. Entertainment tax 2. Luxury tax 3. Stamp Duty 4. Custom Duty Select the answer using the codes given below—
Anonymous Quiz
30%
(a) 1 and 2
39%
(b) 1, 3 and 4
15%
(c) 2, 4 and 5
15%
(d) 1, 2 and 4
Q 3.Which of the following Tax is levied by Union and collected and
appropriated by States?
Anonymous Quiz
38%
(a) Stamp Duties
49%
(b) Passenger and Goods Tax
8%
(c) Estate Duty
5%
(d) Taxes on Newspapers
Q 4.GST replaced multiple indirect taxes to create a unified market.What is the key objective of GST?
Anonymous Quiz
13%
(a) Control inflation
82%
(b) Create a single national market
5%
(c) Increase customs duty
0%
(d) Reduce subsidies
Q 5.GST came into effect from July 1, 2017.
Which type of taxes were merged into GST?
Anonymous Quiz
9%
(a) Direct taxes
79%
(b) Indirect taxes
9%
(c) Export duties
2%
(d) Wealth taxes
Q 2.Which of the following terms is not a financial term?
Anonymous Quiz
7%
(a) Investment
39%
(b) Core banking solution
15%
(c) RTGS
39%
(d) All the above
2025/10/31 12:58:51
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