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Public Finance and Fiscal Policy


7. 

The most important source of public revenue is

Answer : A. taxes

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8. 

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

Answer : C. Income tax

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9. 

________ is an indirect tax?

Answer : A. Customs duty

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10. 

Exicse duties are taxes on

Answer : D. production of commodities

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11. 

The indian Income Tax is

Answer : C. direct and progressive

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12. 

Professional tax is levied by

Answer : C. Local Bodies

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