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Public Finance and Fiscal Policy


13. 

Which of the following is the largest single source of the Government's earning from tax revenue?

Answer : C. Corporation tax

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14. 

Which of the following is / are direct tax(es)?

Answer : D. All the above

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15. 

Which of the following is / are indirect tax(es)?

Answer : D. Both (A) and (B)

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16. 

________ is direct tax, __________ is a indirect tax.

Answer : B. Gift tax, Sales tax

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17. 

Out of the following which one contributes the minimum amount to the Government's tax revenue?

Answer : B. Wealth tax

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18. 

Which of the following is the major source of Government's revenue?

Answer : B. indirect taxes

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