Tag: social science

Questions Related to social science

Find the tax which is Direct Tax among the following :

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

  1. Personal Income Tax

  2. Excise Duty

  3. Sales Tax

  4. Service Tax.

Show answer
Correct Option: A

Which of the following taxes have been abolished?

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

  1. Customs Duty

  2. Estate Duty

  3. Excise Duty

  4. Indirect Tax

Show answer
Correct Option: B

Income Tax is a tax on ______________.

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

  1. income of an individual or an entity

  2. wealth or assets owned by an individual or an entity

  3. specified gifts and donations

  4. total property passing to the heirs on the death of a person.

Show answer
Correct Option: A

Which of the following is not a feature of Direct Taxes?

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

  1. Progressive Rates of Tax

  2. Income -Elastic

  3. Based on honesty of Taxpayer

  4. Different tax rates for luxuries and necessities

Show answer
Correct Option: D

Which of the following is not a direct tax?

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

  1. Gift tax

  2. Wealth Tax

  3. Sales tax

  4. Estate duty

Show answer
Correct Option: C

High Rate of Indirect Taxes on goods like narcotics, tobacco and liquor, serve ____________ by discouraging their consumption.

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

  1. revenue purpose

  2. tax purpose

  3. social purpose

  4. economic purpose

Show answer
Correct Option: C

Which of the following taxes have been abolished?

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

  1. Income Tax

  2. Wealth Tax

  3. Gift Tax

  4. Indirect Tax

Show answer
Correct Option: C

Which of the following taxes are imposed by the State Govt?

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

  1. Entertainment tax

  2. Corporate tax

  3. Income tax

  4. Custom duties

Show answer
Correct Option: A

Which of the following is not an Indirect Tax? 

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

  1. Sales Tax

  2. Excise Duty

  3. Custom Duty

  4. Gift Tax

Show answer
Correct Option: D

Which of these is subject to flat rate of tax?

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

  1. Personal Income Tax

  2. Corporate Income Tax

  3. Both (a) and (b)

  4. Neither (a) nor (b)

Show answer
Correct Option: B