Which of the following is a direct tax levied by the Union Government? MCQ with Answer and Explanation

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Which of the following is a direct tax levied by the Union Government?

A. Entertainment tax

B. Income tax

C. Sales tax

D. Excise duty on alcohol

Answer: Option B

Solution (By JKSSB Mock Tests)

Income tax is a direct tax. Excise on alcohol is state subject. Sales tax/VAT is state. Entertainment tax is local.

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Question #1

The 'Remission of Duties and Taxes on Exported Products' (RoDTEP) scheme replaced:

A. Advance Authorisation

B. SEZ scheme

C. Merchandise Exports from India Scheme (MEIS)

D. EPCG

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Correct Answer: Option C

Explanation:
RoDTEP replaced MEIS to ensure WTO compliance, refunding embedded taxes not refunded through GST.

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Question #2

The 'Special Economic Zone' (SEZ) units are considered:

A. Partially inside

B. Like DTA

C. Within the customs territory of India

D. Outside the customs territory of India

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Correct Answer: Option D

Explanation:
SEZ is treated as foreign territory for customs purposes.

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Question #3

Consider these statements about 'Single Entry System': 1. Only personal accounts are maintained completely. 2. Profit is ascertained by comparing opening and closing capital. 3. It is based on dual aspect concept. Which are correct?

A. 1 and 2 only

B. 1 and 3 only

C. 2 and 3 only

D. All of the above

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Correct Answer: Option A

Explanation:
Single entry does not follow dual aspect; 3 is incorrect. 1 and 2 are true.

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