GST is an example of __________ tax.
- Agoods
- Bservices
- Csocial
- ✓indirect
Answer: D.
View full solution →Question types
Public Revenue question types
99 questions across 6 question groups — pick any mix to generate a Economics paper with step-by-step answer keys.
99
Questions
6
Question groups
5
Question types
01
MCQ
20 Q→02Assertion (A) & Reason (B) MCQ
7 Q→03[1 Mark Question Answer]
8 Q→04[2 Mark Question Answer]
48 Q→05[3 marks Question-Answer]
5 Q→06[4 marks Question-Answer]
11 Q→Sample Questions
Public Revenue questions
One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
License fee is an example of __________.
- ACitizen' revenue
- ✓Administrative revenue
- CTax revenue
- DCommercial revenue
Answer: B.
View full solution →Mr. Rao needs to pay license fee to the government to start his electric vehicle shop and some documents to meet the safety norms.
The revenue earned by the government from this process will be called as __________ revenue.
The revenue earned by the government from this process will be called as __________ revenue.
- ACommercial
- BCentral
- CGST
- ✓Administrative
Answer: D.
View full solution →If the rate of tax falls with an increase in income, it is called as:
- ✓Regressive
- BProgressive
- CDigressive
- DProportional
Answer: A.
View full solution →Toll tax is an example of __________ revenue of the government.
- Aadministrative
- ✓commercial
- Cfee
- Ddirect
Answer: B.
View full solution →- ✓Both Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion(A).
- BBoth Assertion(A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion(A).
- CAssertion(A) is true but Reason(R) is false.
- DAssertion(A) is false but Reason(R) is true.
Answer: A.
View full solution →- ABoth Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion(A).
- ✓Both Assertion(A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion(A).
- CAssertion(A) is true but Reason(R) is false.
- DAssertion(A) is false but Reason(R) is true.
Answer: B.
View full solution →- ABoth statements are true
- BBoth statements are false
- ✓Statement 1 is true but Statement 2 is false.
- DStatement 2 is true but Statement 1 is false.
Answer: C.
View full solution →- ✓Both statements are true
- BBoth statements are false
- CStatement 1 is true but Statement 2 is false.
- DStatement 2 is true but Statement 1 is false.
Answer: A.
View full solution →- ABoth Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion(A).
- BBoth Assertion(A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion(A).
- CAssertion(A) is true but Reason(R) is false.
- ✓Assertion(A) is false but Reason(R) is true.
Answer: D.
View full solution →What is meant by digressive tax system?
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What is digressive tax? Give an example.
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What is digressive tax? Give an example.
By giving valid reasons explain, which of the following will be included in commercial revenue of the Government.
(a) Mr. Shah paying License fee for registration of his motor vehicle.
(b) Irrigation charges paid by Mr. Shah as a farmer.
(a) Mr. Shah paying License fee for registration of his motor vehicle.
(b) Irrigation charges paid by Mr. Shah as a farmer.
Explain the above image. State and explain the source of revenue generated by the government.
What is Proportional tax?
What is the difference between tax and fee?
Mention any two objectives of GST.
Mention any two examples of administrative renenue.
Give any three points of difference between direct and indirect tax.
Indirect taxes are regressive in nature. How can they be made progressive?
Briefly explain any two merits of direct taxes.
What is a tax? Explain two merits and two demerits of progressive tax structure.
Mention three merits and three demerits of Indirect taxes.
Mention three merits and three demerits of direct taxes.
Giving examples differentiate between tax revenue and non-tax revenue.
Giving examples differentiate between direct taxes and indirect taxes.
Define tax. Give three differences between direct taxes and Indirect taxes.
What are the merits of an indirect tax?
Explain any five characteristics of tax.
Mention five differences between a direct tax and an indirect tax.
Define a tax. Explain briefly three merits of a direct tax.
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