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. Wealth tax

B. Corporate tax

C. Income 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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Question #1

The 'Goods and Services Tax' on broadcasting services is:

A. 28%

B. 18%

C. 12%

D. 5%

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Correct Answer: Option B

Explanation:
Broadcasting services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The Fiscal Responsibility and Budget Management Act was enacted in which year?

A. 2001

B. 1999

C. 2003

D. 2005

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Correct Answer: Option C

Explanation:
The FRBM Act was enacted in 2003.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a component of the Human Development Index?

A. Only environmental sustainability

B. Gender equality only

C. Life expectancy, education and per capita income

D. Only income inequality

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Correct Answer: Option C

Explanation:
HDI is a composite index based on three dimensions: a long and healthy life (life expectancy), knowledge (education) and a decent standard of living (GNI per capita).

This question belongs to: Economy GK Economy Set 1

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