Taxation System in India CDS Questions

CDS Economy

Taxation System in India MCQ Questions


7.
A major reform has been at the state level with the replacement of salestax with state VAT was done by _____
A.
Shri. N. D. Tiwari
B.
Shri. P. Chidambaram
C.
Smt. Nirmala Sitharaman
D.
Shri. Asim Das Gupta
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ANSWER :
D. Shri. Asim Das Gupta
8.
The government is proposing to integrate taxing of goods and services at differential rate separately into one tax with one tax rate as _____
A.
Sales Tax
B.
Goods and Service Tax
C.
Value Added Tax
D.
Estate tax
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ANSWER :
B. Goods and Service Tax
9.
SGST is for State Goods and Service Tax where CGST is for
A.
Central Goods and Service Tax
B.
Commodity Goods and Service Tax
C.
Customer Goods and Service Tax
D.
Corporate Goods and Service Tax
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ANSWER :
A. Central Goods and Service Tax
10.
Direct Taxes are _____ in nature.
A.
Regressive
B.
Depreciating
C.
Progressive
D.
Increasing
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ANSWER :
C. Progressive
11.
Direct ttax contributes _____ percent of tax revenue.
A.
45
B.
55
C.
65
D.
75
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ANSWER :
B. 55
12.
The phenomenon of the people moving up the tax bracket with a reduced spending is called _____
A.
Fiscal policy
B.
Fiscal deficit
C.
Fiscal cliff
D.
Fiscal drag
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ANSWER :
D. Fiscal drag