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11th Standard Commerce Indirect Taxation English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

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

    Answer all the questions

    10 x 1 = 10
  1. GST stands for

    (a)

    Goods and Supply Tax

    (b)

    Government Sales tax

    (c)

    Goods and Services Tax

    (d)

    General Sales Tax

  2. What kind of Tax the GST is?

    (a)

    Direct Tax

    (b)

    Indirect Tax

    (c)

    Dependence on the type of goods and services

    (d)

    All business organisations

  3. What is IGST?

    (a)

    Integrated Goods and Services Tax

    (b)

    Indian Goods and Services Tax

    (c)

    Initial Goods and Services Tax

    (d)

    All the Above

  4. India GST model. has _________ rate structure.

    (a)

    3

    (b)

    5

    (c)

    4

    (d)

    6

  5. When does liability to pay GST arise in case of supply of goods?

    (a)

    on raising of invoice

    (b)

    At the time of supply of goods

    (c)

    On receipt of payment

    (d)

    Earliest of any of above

  6. The person who is making the sale but he can recover the tax from for the buyer is_____________.

    (a)

    Direct Tax

    (b)

    Income Tax

    (c)

    Indirect Tax

    (d)

    None of these

  7. Customs Duty is levied on_________ goods.

    (a)

    Export

    (b)

    Import

    (c)

    Entrepot

    (d)

    Sales

  8. Service Tax is exempted to the traders having annual turn over less than_________.

    (a)

    Rs 10 lakhs

    (b)

    Rs 20 Lakhs

    (c)

    Rs 15 Lakhs

    (d)

    Rs 50 Lakhs

  9. Video Games Tax also under_________.

    (a)

    Income Tax

    (b)

    Sales Tax

    (c)

    Excise duty

    (d)

    Entertainment Tax

  10. Service Charges of____________ is not mandatory-says Government.

    (a)

    Sales

    (b)

    Workshop

    (c)

    Restaurants

    (d)

    None of these

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