226)The most important source of public revenue is
interest taxes
licence fee dividents and profit
Answer :

227)Which of the following is the largest single source of the Government's earning from tax revenue?
customs exise
income tax corporation tax
Answer :

228)Out of the following which one contributes the minimum amount to the Government's tax revenue?
exicise customs
income tax wealth tax
Answer :

229)Which of the following is the major source of Government revenue
indirect taxes direct taxes
interest dividents and profits
Answer :

230)Which of the following taxes is not shared by the Central Government with the states?
custom duty union excise duties
income tax estate duty
Answer :

231)Which of the following is not a Central Government tax?
customs income tax
corporation tax land revenue
Answer :

232)Which of the following is a direct tax?
sales tax excise duty
estate duty entertainment tax
Answer :

233)Which of the following is an indirect tax?
wealth tax corporation tax
customs gift tax
Answer :

234)Which of the following are direct taxes?
1. corporation tax
2. income tax
3. wealth tax
4. gift tax
1 and 2 1, 2 and 3
1, 3 and 4 all of them
Answer :

235)Which of the following are indirect taxes?
1. customs
2. excise tax
3. corporation tax
4. sales tax
1 and 2 1, 3 and 4
1, 2 and 4 all of them
Answer :

236)A tax that takes away a higher proportion of one's income as the income rises is termed as a
proportional tax progressive tax
regressive tax indirect tax
Answer :

237)In a developing economy there is a case for
progressive taxation regressive taxation
no taxation proportional taxation
Answer :

238)The Indian income tax is
indirect and proportional direct and proportional
direct and progressive indirect and progressive
Answer :

239)The Finance Commission is appointed at expiry of ______ years or earlier.
4 5
6 7
Answer :

240)The Reserve bank of India was established in
1920 1923
1935 1947
Answer :

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