Fiscal Policy and Monetary Policy TNPSC Group 1 Questions

Indian Economy

Fiscal Policy and Monetary Policy MCQ Questions

13.
Which of the following is the largest single source of the Government's earning from tax revenue?
A.
Excise duty
B.
Customs duty
C.
Corporation tax
D.
Income tax
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ANSWER :
C. Corporation tax
14.
Which of the following is / are direct tax(es)?
A.
Corporation Tax
B.
income tax
C.
Wealth tax
D.
All the above
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ANSWER :
D. All the above
15.
Which of the following is / are indirect tax(es)?
A.
Customs duty
B.
Excise duty
C.
Corporation Tax
D.
Both (A) and (B)
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ANSWER :
D. Both (A) and (B)
16.
________ is direct tax, __________ is a indirect tax.
A.
Sales tax, Gift tax
B.
Gift tax, Sales tax
C.
Gift tax, Wealth tax
D.
Excise duty, Sales tax
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ANSWER :
B. Gift tax, Sales tax
17.
Out of the following which one contributes the minimum amount to the Government's tax revenue?
A.
Excise duty
B.
Wealth tax
C.
Income tax
D.
Customs duty
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ANSWER :
B. Wealth tax
18.
Which of the following is the major source of Government's revenue?
A.
Direct taxes
B.
indirect taxes
C.
license fees
D.
dividends and profits
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ANSWER :
B. indirect taxes