Economics Questions for Class 6, 7, 8, 9, 10 - 1
Question: 2
______ is a term for when a taxing authority usually a government levies or imposes a tax.
Answer:
Taxation
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
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