Indian Taxation System
Economics ⇒ Indian Economy
Indian Taxation System starts at 11 and continues till grade 12.
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See sample questions for grade 11
Explain the concept of 'double taxation'.
Explain the concept of 'progressive tax'.
Explain the concept of 'tax elasticity'.
Explain the concept of 'taxable capacity'.
Explain the difference between direct and indirect taxes with examples.
Explain the term 'tax incidence'.
Explain the term 'tax neutrality'.
Is GST (Goods and Services Tax) a direct or indirect tax?
Which authority is responsible for the collection of Income Tax in India? (1) Reserve Bank of India (2) Central Board of Direct Taxes (CBDT) (3) Ministry of Commerce (4) State Governments
Which of the following is a direct tax in India? (1) Goods and Services Tax (GST) (2) Income Tax (3) Customs Duty (4) Excise Duty
Which of the following is a feature of a proportional tax? (1) Tax rate increases with income (2) Tax rate decreases with income (3) Tax rate remains the same for all income levels (4) Tax is not related to income
Which of the following is a tax levied by local bodies in India? (1) Income Tax (2) Property Tax (3) GST (4) Customs Duty
Fill in the blank: The tax imposed on the consumption of specific goods like alcohol and tobacco is called __________.
Fill in the blank: The tax imposed on the import and export of goods is called __________.
Fill in the blank: The tax imposed on the production or sale of goods within the country is called __________.
Fill in the blank: The tax imposed on the sale of goods and services before the introduction of GST was called __________.
State whether the following statement is true or false: 'Indirect taxes are paid by the person on whom they are imposed.'
State whether the following statement is true or false: 'Wealth tax is currently levied in India.'
True or False: Tax evasion is a punishable offence under Indian law.
True or False: Taxation can be used as a tool to reduce income inequalities in society.
