Economy

What is the correct description of Direct tax?

A a tax whose legal burden is generally imposed directly on the taxpayer
B Customs duty
C GST
D Excise duty

Which of the following is most closely associated with Direct tax?

A Excise duty
B Customs duty
C GST
D a tax whose legal burden is generally imposed directly on the taxpayer

In Indian economic terminology, Direct tax refers to:

A Customs duty
B a tax whose legal burden is generally imposed directly on the taxpayer
C GST
D Excise duty

Which statement about Direct tax is correct?

A a tax whose legal burden is generally imposed directly on the taxpayer
B Customs duty
C GST
D Excise duty

What is the correct description of Indirect tax?

A Income tax
B Wealth tax
C a tax whose burden can be shifted through prices
D Corporate tax

Which of the following is most closely associated with Indirect tax?

A Income tax
B Corporate tax
C a tax whose burden can be shifted through prices
D Wealth tax

In Indian economic terminology, Indirect tax refers to:

A Income tax
B a tax whose burden can be shifted through prices
C Corporate tax
D Wealth tax

Which statement about Indirect tax is correct?

A Wealth tax
B Income tax
C a tax whose burden can be shifted through prices
D Corporate tax

What is the correct description of GST?

A A central bank levy
B a destination-based indirect tax on supplies of goods and services
C A property tax
D A direct income tax

Which of the following is most closely associated with GST?

A A direct income tax
B A property tax
C A central bank levy
D a destination-based indirect tax on supplies of goods and services

In Indian economic terminology, GST refers to:

A A central bank levy
B A property tax
C a destination-based indirect tax on supplies of goods and services
D A direct income tax

Which statement about GST is correct?

A A central bank levy
B A direct income tax
C A property tax
D a destination-based indirect tax on supplies of goods and services

What is the correct description of CGST?

A the central component of GST on intra-state supplies
B Corporate tax
C State income tax
D Customs duty

Which of the following is most closely associated with CGST?

A Customs duty
B State income tax
C Corporate tax
D the central component of GST on intra-state supplies

In Indian economic terminology, CGST refers to:

A Corporate tax
B the central component of GST on intra-state supplies
C State income tax
D Customs duty

Which statement about CGST is correct?

A Corporate tax
B State income tax
C the central component of GST on intra-state supplies
D Customs duty

What is the correct description of SGST?

A the state component of GST on intra-state supplies
B Corporate tax
C Union excise
D Income tax

Which of the following is most closely associated with SGST?

A the state component of GST on intra-state supplies
B Income tax
C Corporate tax
D Union excise

In Indian economic terminology, SGST refers to:

A Income tax
B Corporate tax
C Union excise
D the state component of GST on intra-state supplies

Which statement about SGST is correct?

A Corporate tax
B Union excise
C the state component of GST on intra-state supplies
D Income tax

What is the correct description of IGST?

A GST levied on inter-state supplies and imports
B Only intra-state GST
C Income tax
D Property tax

Which of the following is most closely associated with IGST?

A Only intra-state GST
B Income tax
C GST levied on inter-state supplies and imports
D Property tax

In Indian economic terminology, IGST refers to:

A GST levied on inter-state supplies and imports
B Income tax
C Property tax
D Only intra-state GST

Which statement about IGST is correct?

A GST levied on inter-state supplies and imports
B Only intra-state GST
C Property tax
D Income tax

What is the correct description of Progressive tax?

A A flat-rate tax
B A zero tax
C a tax system in which the effective rate rises with the tax base/income
D A regressive tax