Question : Which of the following is an indirect tax?

Option 1: Death duty

Option 2: Interest tax

Option 3: Goods and services tax

Option 4: Capital gains tax

Question : Which of the following taxes is proportional in nature?

Option 1: Capital Gains Tax

Option 2: Income Tax

Option 3: Corporation Tax

Option 4: Goods and Services Tax

Question : The liability to pay the tax and the actual burden of which of the following taxes lie on two different persons?

Option 1: Corporation tax

Option 2: Income tax

Option 3: Capital gains tax

Option 4: Goods and services tax

Question : Among the tax revenues of the Union Government, the most important source is:

Option 1: income tax 

Option 2: customs duty 

Option 3: corporation tax 

Option 4: union excise duties 

Question : The Goods and Services Tax (GST) – which has replaced the Central and State indirect taxes such as VAT, excise duty, and service tax in India – was implemented on:

Option 1: 1 July 2017

Option 2: 15 August 2017

Option 3: 15 September 2017

Option 4: 2 October 2017