Fiscal Policy and Monetary Policy Tnpsc Online Quiz Question, Group 1 2 2a 4, VAO Group Question

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Fiscal Policy and Monetary Policy

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The most important source of public revenue is

A. taxes B. interest C. dividends and profits D. license fees

Answer : A. taxes

8.

If a perosn gets the prize of state lottery,which of the following taxes will he have to pay?

A. Commercial tax B. Entertainment tax C. Income tax D. Wealth tax

Answer : C. Income tax

9.

________ is an indirect tax?

A. Customs duty B. Corporation Tax C. Wealth tax D. Gift tax

Answer : A. Customs duty

10.

Exicse duties are taxes on

A. sale of goods B. import of Commodities C. export of commodities D. production of commodities

Answer : D. production of commodities

11.

The Indian Income Tax is

A. direct and proportional B. indirect and proportional C. direct and progressive D. indirect and progressive

Answer : C. direct and progressive

12.

Professional tax is levied by

A. Central Government B. State Government C. Local Bodies D. Foreign Government

Answer : C. Local Bodies

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