Tag: social science

Quizzes (684) Questions (1162)

Questions Related to social science

Multiple choice social science government budget and taxation indian taxation system taxation : need, principles and importance tax and its importance

The revenue generated by the government through internal and external loans is ___________.

  1. capital receipts

  2. non-tax revenue

  3. private revenue

  4. public revenue
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
  • The budget consists of capital receipts and capital payments. The capital receipts are loans raised by the Government from the general public and the foreign governments.
Multiple choice social science government budget and taxation indian taxation system taxation : need, principles and importance tax and its importance

Which one of the following is a source of non-tax revenue for governments?

  1. Import duty on cars

  2. Octroi at check points on roads

  3. Entrance fee to museums

  4. Excise duty on beverages
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Non-tax revenue is collected by the government from other sources, except through taxation, The sources of non-tax revenue(NTR) are:
(i) Fees and charges for various facilities like museums, license offices, etc
(ii) Dividend/profits from public sector units (PSUs)
(iii) Income from radio/TV broadcasting, etc

Multiple choice social science government budget and taxation indian taxation system taxation : need, principles and importance tax and its importance

The incidence of taxes refers to ___________.

  1. the level and rate of taxation

  2. who ultimately bears the money burden of the tax.

  3. the growth of taxation

  4. the way in which a tax is collected.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Tax incidence refers to the economic burden of a tax, specifically who ultimately pays it, regardless of who is legally responsible for remitting it.