Taxation UPSC Questions

Economics

Taxation MCQ Questions


13.
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
14.
Direct Taxes are _____ in nature.
A.
Regressive
B.
Depreciating
C.
Progressive
D.
Increasing
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ANSWER :
C. Progressive
15.
Direct ttax contributes _____ percent of tax revenue.
A.
45
B.
55
C.
65
D.
75
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ANSWER :
B. 55
16.
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
17.

Identify the wrong statement. The ways through which taxpayers and tax revenue can be increased are:
a) Increase in the direct tax rates.
b) Decrease in the tax base.
c) Enforce tax compliance.

A.

Only b

B.

Only a

C.

a and c

D.

Only c

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ANSWER :

A. Only b

18.
Beyond a level, any increase in tax rates becomes counter-productive as it lowers tax revenue rather than in increasing it. This effect is called
A.
Fiscal cliff
B.
Laffer curve
C.
Rahn curve
D.
Wage curve
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ANSWER :
B. Laffer curve