taxes types, methods & budgeting process section 1 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 1 [UP-PCS 2013]

Which one of the following is not a tax/duty levied by the Government of India?

a) Custom Duty

b) Service Tax

c) Education

d) Toll Tax

Question : 2 [UPPCS (Pre) 2010]

Who had suggested an imposition of ‘expenditure tax’ in India for the first time?

a) Kaldor

b) R.J. Chelliah

c) Kalecki

d) Gautam Mathur

Question : 3 [UPPCS (Pre) 1998]

Which among the following are the sources of revenue for the central Government?

1. Corporate Tax
2. Profit from Public Enterprises
3. Sale of National Savings Certificates
4. Loans received from the World Bank
5. Excise duties

a) 2, 3 and 4

b) 3, 4 and 5

c) 1, 2 and 3

d) All of the above

Question : 4

Which of the following are part of capital budget of Govt. of India?

1. Issuance of Sovereign Gold Bonds
2. Receipt from Gold Monetization

a) (ii) only

b) Both (i) & (ii)

c) (i) only

d) Neither (i) nor (ii)

Question : 5

PAN card issued by the Income Tax Department can’t be used for which of the following purpose?

a) proof of registered tax payer

b) proof of address

c) proof of identity

d) proof of date of birth