GOVERNMENT BUDGET

GOVERNMENT BUDGET

11th - 12th Grade

30 Qs

quiz-placeholder

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GOVERNMENT BUDGET

GOVERNMENT BUDGET

Assessment

Quiz

Education

11th - 12th Grade

Medium

Created by

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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