Tax Deduction at Source means: MCQ with Answer and Explanation

Question
Tax Deduction at Source means:
A. tax is paid by the employer after salary payment
B. the payer deducts tax at the time of payment and deposits it with the government
C. tax is waived
D. the taxpayer pays tax after assessment
Answer: Option B
Solution (By JKSSB Mock Tests)
TDS requires the payer to deduct tax at source and deposit it with the government.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The 'Goods and Services Tax' on betting and gambling is:
A. 12%
B. 5%
C. 18%
D. 28%
Discuss
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Correct Answer: Option D

Explanation:
Betting and gambling attract 28% GST.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the 'Modern Portfolio Theory' developed by Markowitz?
A. Investors can reduce risk by diversifying across assets whose returns are not perfectly correlated
B. Only the return of individual assets matters
C. Diversification never reduces risk
D. Risk is independent of portfolio composition
Discuss
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Correct Answer: Option A

Explanation:
Markowitz’s modern portfolio theory shows that the risk of a portfolio depends on the covariances among asset returns; diversification can therefore lower portfolio variance for a given expected return.
This question belongs to: Economy GK Economy Set 1
Question #3
The yield on a bond and its price have an inverse relationship. If market interest rates rise, the price of an existing bond:
A. remains unchanged
B. becomes zero
C. rises
D. falls
Discuss
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Correct Answer: Option D

Explanation:
When market interest rates rise, existing bond prices fall because their fixed coupon becomes less attractive.
This question belongs to: Economy GK Economy Set 1
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