Tag: social science

Questions Related to social science

Find the correct statement:

social science government and taxes types of tax types of taxes government budget and taxation

  1. share of indirect tax is more than direct tax in total tax revenue

  2. service tax is a direct tax

  3. income tax is indirect tax

  4. none of the above

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Correct Option: A

Indirect taxes minus Subsidies is called ______________.

social science government and taxes types of tax types of taxes government budget and taxation

  1. net subsidies

  2. net indirect taxes

  3. gross subsidies

  4. gross indirect taxes

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Correct Option: B

MODVAT is a tax on __________.

social science government and taxes types of tax types of taxes government budget and taxation

  1. sales

  2. production

  3. value added

  4. profit

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Correct Option: B

Tax rate for domestic companies in India is at __________.

social science government and taxes types of tax types of taxes government budget and taxation

  1. 35%

  2. 30%

  3. 25%

  4. 20%

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Correct Option: B

Taxes on production is usually ___________.

social science government and taxes types of tax types of taxes government budget and taxation

  1. direct taxes

  2. indirect taxes

  3. both (a) & (b)

  4. none of the above

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Correct Option: B

Tax rate for foreign companies in India is _________.

social science government and taxes types of tax types of taxes government budget and taxation

  1. 40%

  2. 35%

  3. 30%

  4. 25%

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Correct Option: A

Which of the following is an indirect tax?

social science government and taxes types of tax types of taxes government budget and taxation

  1. Value added tax

  2. Wealth tax

  3. Income tax

  4. Gift tax

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Correct Option: A

Which of the following is a direct tax?

social science government and taxes types of tax types of taxes government budget and taxation

  1. Income tax

  2. Service tax

  3. Custom duty

  4. Excise duty

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Correct Option: A

Which of the following is not indirect tax?

social science government and taxes types of tax types of taxes government budget and taxation

  1. Sales tax

  2. Excise tax

  3. Custom tax

  4. Gift tax

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Correct Option: D

Which of the following are indirect taxes?
(i)Custom duties
(ii)Excise duties
(iii)Sales-tax
(iv)Estate duties

social science government and taxes types of tax types of taxes government budget and taxation

  1. (i), (ii), (iii) & (iv)

  2. (ii), (iii) & (iv)

  3. (i), (ii) & (iii)

  4. (i), (ii) & (iv).

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Correct Option: C