Tax And Its Importance Choose the correct answer Set 01

Tax And Its Importance

Choose the correct answer Set 01

1. Tax paid by the companies operating in India is
(a) Wealth tax 
(b) corporate tax 
(c) Gift tax 
(d) Customs tax
 
2. One pays the tax directly to the government.
(a) Indirect tax 
(b) Sales tax
(c) Direct tax 
(d) Service tax
 
3. Which among the following in an indirect tax?
(a) Service tax 
(b) Income tax
(c) Corporate tax 
(d) Gift tax
 
4. One of the following is direct tax.
(a) Gift tax 
(b) customs tax
(c) Service tax 
(d) Sales tax
 
5. Tax levied on goods produced within the country is
(a) Sales tax 
(b) Service tax
(c) Customs tax 
(d) Excise tax
 
6. In Tamil Nadu we find recorded evidence on taxes in .............. rock edicts.
(a) Kanchipuram 
(b) Sri Perumbudur
(c) Uthiramerur 
(d) Thanjavur
 
7. Charge imposed by the Central Government on the annual gains of a person is called ..................... tax.
(a) Service 
(b) Income
(c) Gift 
(d) Wealth
 
8. The tax paid on the inherited property left by a dead man is called ................... 
(a) Estate Duty 
(b) Direct Tax
(c) Indirect tax 
(d) Sales tax
 
9. The tax on electricity, water, drainage is known as ..................
(a) Corporate tax 
(b) Customs tax
(c) Property tax 
(d) Indirect tax
 
10. The tax which is not levied directly on the income of the consumer or earner is ....................
(a) Property Tax 
(b) Corporate Tax
(c) Gift Tax 
(d) Indirect Tax