Question : In India, which of the following taxes is levied by the state government?
Option 1: Excise duty on liquor
Option 2: Capital gains tax
Option 3: Customs tax
Option 4: Corporation tax
Correct Answer: Excise duty on liquor
Solution : The correct answer is Excise duty on liquor.
State excise duty is a tax charged by Indian state governments on the production and sale of alcoholic drinks, tobacco products and other designated items. The precise commodities subject to state excise duty differ from one state to the next. The state excise tax is a significant source of revenue for state governments.
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Question : The monetary policy is India is formulated by:
Option 1: central government
Option 2: industrial financial corporation of India
Option 3: Reserve Bank of India
Option 4: Industrial Development Bank of India
Question : Which state in India introduced the fat tax on junk food?
Option 1: Rajasthan
Option 2: Kerala
Option 3: Andhra Pradesh
Option 4: Bihar
Question : Which of the following is not on the list of Maharatna?
Option 1: Coal India Limited
Option 2: Steel Authority of India Limited
Option 3: Hindustan Petroleum Corporation Limited
Option 4: Bharat Heavy Electrical Limited
Question : "Taxes on agricultural income" is listed in the_______list given in the Seventh Schedule in the Constitution of India.
Option 1: Union
Option 2: State
Option 3: Global
Option 4: Concurrent
Question : "Taxes on lands and buildings" is listed in the______list given in the Seventh Schedule in the Constitution of India.
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