Question : Which of the following is not an indirect tax?

Option 1: Excise tax

Option 2: Goods and services tax

Option 3: Customs duty

Option 4: Wealth tax

Question : Which type of tax acts as an automatic stabiliser in the economy?

Option 1: Professional tax

Option 2: Wealth tax

Option 3: Capital gains tax

Option 4: Proportional income 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

Option 4: Gift tax

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

Question : Buildings, machinery, tools, and equipment are a few examples of the capital goods that firms employ to produce their goods and services.

Option 1: Consumer goods

Option 2: Inferior goods

Option 3: Intermediate goods

Option 4: Capital goods