Economics Questions for Class 6, 7, 8, 9, 10 - 1

Question: 1

_____ tax burden cannot be shifted by tax payers.

Answer:

Direct

Question: 2

______ is a term for when a taxing authority usually a government levies or imposes a tax.

Answer:

Taxation

Question: 3

Indirect tax is _____ elastic.

Answer:

More

Question: 4

______ is paid to the Government by the recipient of gift depending on value of gift.

Answer:

Gift tax

Question: 5

_____ is the method, where the rate of tax is same regardless size of the income.

Answer:

Proportional taxation

Question: 6

______ is particularly designed to replace the indirect taxes imposed on goods and services by the Central and State.

Answer:

GST

Question: 7

_____ constituted under the Central Board of Revenue Act, 1963.

Answer:

Central Board of Direct Taxes

Question: 8

______ is a crucial component in the smooth running of country affairs.

Answer:

Governance

Question: 9

_______ principles or cannons of taxation still form the basis of the tax structure of a modern state.

Answer:

Adam Smiths

Question: 10

______ could be one of the most deserving recipients of tax money

Answer:

Education