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 : 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 : Which of the following sets of taxes belongs to the Central Government?

Option 1: Excise duty, sales tax and custom duty

Option 2: Income tax, custom duty and house tax

Option 3: Excise duty, custom duty and income tax

Option 4: Custom duty, entertainment tax, and income tax

Question : Which among the following is the tax levied by the center and not shared with states?

Option 1: Sales tax

Option 2: Excise duty

Option 3: Corporation tax

Option 4: Income 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