Quiz on Tax System of India

 

Quiz on Tax System of India

We brought a set of 10 questions and answers based on the Tax system in India for aspirants preparing for various competitive examinations such as IAS / PCS / SSC / CDS etc. We hope this will be helpful in your success.

GK Quiz on tax structure in India

Take the quiz below based on questions from Tax system in India. The aspirants preparing for various competitive exams such as IAS / PCS / SSC / CDS etc must go through each question along with the explanation given below it.

Quiz

Que.1). Which of the following "tax" is levied at every stage of production?

a). VAT

b). Income tax

c). Custom duty

d). GST

Ans. a

Que.2). Which of the following is a form of indirect tax?

a). Income tax

b). Wealth tax

c). Corporation tax

d). Sales tax

Ans. d

Que.3). Which of the following taxes are abolished by the Goods and Services Tax.

a). Property tax

b). Corporation tax

c). VAT

d). All of the above

Ans. c

Que.4). If 'Tata' imports a product from abroad, then which  kind of tax would be levied on it?

a). VAT

b). Custom duty

c). Income tax

d). Corporation tax

Ans. b

Que.5). Which of the following tax is imposed by the Central Government but the state government collects it?

a). VAT

b). Income tax

c). Corporation tax

d). Stamp Duty

Ans. d

Que.6). What is meant by Tax haven?

a). A country which gives tax exemptions to the foreign citizens that there will be no tax  on investing the money in their country.

b). Subsidy given by the government in taxes

c). Tax evasion in the domestic country

d). To impose equal taxes on domestic producers and foreign producers

Ans. a

Que.7). What kind of tax system is found in India?

a). Progressive

b). Degressive

c). Proportional

d). None of the above

Ans. b

Que.8). Under this system of taxation, the tax rate diminishes as the taxable amount increases. Which system are we talking about?

a). Progressive Taxation

b). Regressive Taxation

c). Degressive Taxation

d). Proportional Taxation

Ans . b

Que.9). Which model of GST has been chosen by India?

a). USA

b). Canada

c). UK

d). China

Ans. b

Que.10). Which of the following is not imposed by the Central Government?

a). Agricultural tax

b). Corporation tax

c). Custom duty

d). Sales tax

Ans. a

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