Question : The threshold limit for total income eligible for rebate under Section 87A has been increased from 5,00,000 to INR_____for assesses opting for the new tax regime as per the Finance Bill 2023.

Option 1: 7,00,000

Option 2: 11,00,000

Option 3: 8,00,000

Option 4: 10,00,000

Question : Which of the following is an example of direct tax?

Option 1: Escheat

Option 2: Income Tax

Option 3: Custom Duty

Option 4: Goods and Services Tax

Question : When was the Direct Tax Code Bill introduced in the Parliament of India?

Option 1: 2010

Option 2: 2005

Option 3: 2020

Option 4: 2015

Question : The personal income of households can be calculated in which of the following ways?

Option 1: National income + Undistributed profits – Net interest payments – Corporate tax + Transfer payments from the government and firms.

Option 2: National income – Undistributed profits – Net interest payments – Corporate tax + Transfer payments from the government and firms.

Option 3: National income – Undistributed profits + Net interest payments – Corporate tax –Transfer payments from the government and firms.

Option 4: National income – Undistributed profits – Net interest payments – Corporate tax –Transfer payments from the government and firms.

Question : If an electricity bill is paid before the due date, one gets a reduction of 13% on the amount of the bill. By paying the bill before the due date, Ravi got a reduction of INR 260.39. The amount of his electricity bill (in INR) was:

Option 1: 2,003

Option 2: 2,580

Option 3: 2,230

Option 4: 2,064

Question : If the price of a movie ticket increased by $12 \frac{1}{2} \%$ and the sale of tickets also increased by $8 \frac{1}{2} \%$, then find the percentage change in income.

Option 1: 21.875%

Option 2: 22.6750%

Option 3: 20.675%

Option 4: 22.0625%