GOVERNMENT BUDGET
Quiz
•
Education
•
11th - 12th Grade
•
Medium

Aditi Jain
Used 55+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
FOLLOWING IS AN EXAMPLE OF DIRECT TAX
GOODS AND SERVICE TAX
VALUE ADDED TAX
INCOME TAX
EXCISE DUTY
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
FOLLOWING IS AN EXAMPLE OF INDIRECT TAX
CORPORATION TAX
GOODS AND SERVICE TAX
WEALTH TAX
NONE OF THESE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
FINANCIAL YEAR IN INDIA IS
APRIL 1 TO MARCH 31
JANUARY 1 TO DECEMBER 31
OCTOBER 1 TO SEPTEMBER 30
NONE OF THE ABOVE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A TAX SYSTEM IN WHICH THE RATE OF TAX DECREASES AS THE TAX BASE INCREASES IS CALLED
REGRESSIVE TAX SYSTEM
PROPORTIONAL TAX SYSTEM
PROGRESSIVE TAX SYSTEM
NONE OF THE THESE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Following is the feature of direct taxes
direct taxes are imposed on goods and services
their burden can be shifted to others
their impact and ultimate burden lie on the same person
they tend to raise the price of goods
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the revenue receipts from the following
receipt from sale of shares of a public sector undertaking
borrowing from public
loans from the world bank
interest received on loans
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify capital receipt from the following
post office deposits
recovery of loans
disinvestment
all of the above
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