Samacheer Kalvi 7th Social Economics Tax and Its Importance - 1

Question: 1

Which tax is raised on provision of service.

(A) Service

(B) Health

(C) Corporate

(D) Wealth

Question: 2

Income tax is a _______

(A) Degressive tax

(B) Direct tax

(C) Indirect tax

(D) A and b

Question: 3

Taxes are _____ payment.

(A) Compulsory

(B) Voluntary

(C) Both A and b

(D) None of the above

Question: 4

This taxation is a very opposite of progressive taxation

(A) Regressive

(B) Degressive

(C) Proportional

(D) None of these

Question: 5

Minimum possible amount should be spent in the collection of taxes is

(A) Canon of equality

(B) Canon of economy

(C) Canon of certainity

(D) Canon of convenience

Question: 6

Swachh Bharat Cess was started from

(A) 15 November 2015

(B) 20 November 2015

(C) 10 November 2016

(D) 10 November 2017

Question: 7

_____ is paid by the producer of goods who recovers it from wholesalers and retailers.

(A) Excise duty

(B) Estate tax

(C) Gift tax

(D) Wealth tax

Question: 8

______ is a method by which the rate of tax will also increase with the increase of income.

(A) Progressive taxation

(B) Proportional taxation

(C) Regressive taxation

(D) Digressive taxes

Question: 9

______ is charged from successor of inherited property

(A) Estate Duty

(B) Service tax

(C) Wealth tax

(D) Gift tax

Question: 10

Wealth tax is an example of _____

(A) Direct tax

(B) Indirect tax

(C) Both A and B

(D) None of these