The 'direct tax' includes which of the following? MCQ with Answer and Explanation

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The 'direct tax' includes which of the following?

A. GST

B. Customs duty

C. Excise duty

D. Income tax

Answer: Option D

Solution (By JKSSB Mock Tests)

Income tax is a direct tax.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'World Bank' in India provides loans primarily for:

A. defence

B. stock markets

C. elections

D. development projects and economic reforms

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Correct Answer: Option D

Explanation:
World Bank loans in India finance development projects and economic reforms.

This question belongs to: Economy GK Economy Set 1

Question #2

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A Gini coefficient value close to one indicates:

A. low inflation

B. high growth

C. perfect equality

D. perfect inequality

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Correct Answer: Option D

Explanation:
A Gini coefficient close to one indicates perfect inequality.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which Sustainable Development Goal relates to decent work and economic growth?

A. SDG 5

B. SDG 17

C. SDG 13

D. SDG 8

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Correct Answer: Option D

Explanation:
SDG 8 promotes sustained, inclusive economic growth and decent work for all.

This question belongs to: Economy GK Economy Set 1

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