Sources of revenue TNPSC Group 1 Questions

Indian Economy

Sources of revenue MCQ Questions

7.
The most common and important tax levied on an individual in India is
A.
Service tax
B.
Excise duty.
C.
Income tax
D.
Central sales tax
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ANSWER :
C. Income tax
8.
The three levels of governments in India are
A.
Union, state and local
B.
Central, state and village
C.
Union, municipality and panchayat
D.
None of the above
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ANSWER :
A. Union, state and local
9.
In India, taxes are including
A.
Direct taxes
B.
Indirect taxes.
C.
Both (a) and (b)
D.
None of these
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ANSWER :
C. Both (a) and (b)