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. Excise duty

B. Income tax

C. Customs duty

D. GST

Answer: Option B

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 'optimal currency area' theory was developed by:

A. Milton Friedman

B. Paul Krugman

C. Robert Mundell

D. John Maynard Keynes

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Correct Answer: Option C

Explanation:
Robert Mundell developed the theory of optimal currency areas.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on ice cream is:

A. 28%

B. 5%

C. 18%

D. 12%

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Correct Answer: Option C

Explanation:
Ice cream attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Bank of Japan' is the central bank of:

A. China

B. Taiwan

C. South Korea

D. Japan

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Correct Answer: Option D

Explanation:
The Bank of Japan is the central bank of Japan.

This question belongs to: Economy GK Economy Set 1

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