Government and Taxes English Medium Free Online Test 1 Mark Questions with Answer Key 2020 - 2021

10th Standard

    Reg.No. :
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Social Science

Time : 00:10:00 Hrs
Total Marks : 10

    Part A

    10 x 1 = 10
  1. In India, taxes are including

    (a)

    Direct taxes

    (b)

    Indirect taxes.

    (c)

    Both (a) and (b)

    (d)

    None of these

  2. The most common and important tax levied on an individual in India is

    (a)

    Service tax

    (b)

    Excise duty

    (c)

    Income tax

    (d)

    Central sales tax

  3. Income tax was introduced in india for the first time in the year __________ .

    (a)

    1860

    (b)

    1870

    (c)

    1880

    (d)

    1850

  4. What are identified as causes of black money?

    (a)

    Shortage of goods

    (b)

    High tax rate

    (c)

    Smuggling

    (d)

    All of above

  5. Payments are

    (a)

    Fees and fines

    (b)

    Penalities and forfeitures

    (c)

    None of the above

    (d)

    a and b

  6. The term sulka refers to

    (a)

    Direct tax

    (b)

    Indirect tax

    (c)

    Export duty

    (d)

    Customs duty

  7. The revenue of the government depends upon

    (a)

    direct taxes

    (b)

    indirect taxes

    (c)

    Both (a) and (b)

    (d)

    None ofthese

  8. From_______ , may economists have given lists of canons of taxation.

    (a)

    Adam Smith

    (b)

    Keynes

    (c)

    Marshall

    (d)

    None of these

  9. ______tax is levied on the individuals and companies alike.

    (a)

    Excise duty

    (b)

    Stamp duty

    (c)

    Income tax

    (d)

    Wealth tax

  10. The major indirect taxes in India are________

    (a)

    customs duty

    (b)

    GST

    (c)

    both (a) and (b)

    (d)

    none of the above

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