taxes types, methods & budgeting process section 3 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 6 [UPPCS (Mains) 2015]

Value Added Tax was first introduced in India in

a) 2006

b) 2005

c) 2007

d) 2008

Question : 7

Which of the following receipts goes to the Public Account of India:

1. Treasury Bills
2. Kisan Vikas Patra
3. Sukanya Samriddhi Account
4. Public Provident Fund

a) (ii) & (iii) only

b) (ii), (iii) & (iv) only

c) (i) & (iv) only

d) All of the above

Question : 8 [CDS-2014-II]

Which one among the following is not a source of tax revenue for the Central Government in India?

a) Service tax

b) Income tax

c) Customs duties

d) Motor Vehicle tax

Question : 9 [UPPCS (Pre) 2018]

Direct Tax Code in India is related to which of the following?

a) Income Tax

b) Excise Tax

c) Sales Tax

d) Service Tax

Question : 10 [UPSC (Pre) 2010]

Consider the following actions by the government.

1. Cutting the tax rates
2. Increasing the government spending
3. Abolishing the subsidies

a) Only 2

b) 1 and 3

c) 1 and 2

d) 1, 2 and 3