Question : What is octroi?
Option 1: Tax
Option 2: Tax collection centre
Option 3: Tax processing centre
Option 4: Tax information centre
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Correct Answer: Tax
Solution : The correct option is Tax.
An octroi is a specific form of local tax imposed on particular items upon their entry into a specific municipality or city. This form of indirect taxation is collected by Indian local governments to generate revenue for regional administration, funding municipal services, and infrastructure development. It is applied to goods being brought into the city.
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Question : Which of the following is an indirect tax?
Option 1: Capital gains tax
Option 2: Goods and services tax
Option 3: Wealth tax
Option 4: Gift tax
Question : Microbial Type Culture Collection Centre is situated at :
Option 1: Bangalore
Option 2: Chandigarh
Option 3: New Delhi
Option 4: Hyderabad
Question : Tax on inheritance is called
Option 1: Excise duty
Option 2: Estate duty
Option 3: Gift tax
Option 4: Sales tax
Question : The rate of tax increase as the amount of the tax base increases is called
Option 1: proportional tax
Option 2: progressive tax
Option 3: regressive tax
Option 4: degressive tax
Question : Which of the following taxes is levied by the state government only?
Option 1: Wealth tax
Option 2: Entertainment tax
Option 3: Income tax
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