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

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The 'indirect tax' includes which of the following?

A. Corporate tax

B. Income tax

C. Wealth tax

D. GST and excise duty

Answer: Option D

Solution (By JKSSB Mock Tests)

GST and excise duty are indirect taxes.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'break-even point' in consumption occurs when:

A. saving equals investment

B. consumption equals saving

C. consumption equals income

D. MPC equals zero

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Correct Answer: Option C

Explanation:
At break-even point, consumption equals income, so saving is zero.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'TReDS' platform is meant for:

A. trading government securities

B. commodity futures

C. foreign exchange trading

D. financing of receivables of MSMEs

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Correct Answer: Option D

Explanation:
TReDS is an electronic platform for financing trade receivables of MSMEs from corporate buyers.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Commission for Scheduled Tribes' is constituted under which article?

A. Article 342

B. Article 338A

C. Article 338

D. Article 340

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Correct Answer: Option B

Explanation:
The National Commission for Scheduled Tribes is constituted under Article 338A.

This question belongs to: Economy GK Economy Set 1

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