Economics Class 10 Government and Taxes Questions - 1

Question: 1

_____ tax is levied on companies that exist as separate entities from their shareholders.

Answer:

Corporate

Question: 2

The unaccounted money that is concealed from the tax administrator is called ______

Answer:

black money

Question: 3

The Goods and Service Tax act came into effect ______

Answer:

1 July 2017

Question: 4

The burden of the _____ tax cannot be shifted to others.

Answer:

direct

Question: 5

_____ is levied by government for the development of the state’s economy.

Answer:

Tax

Question: 6

_____ was the first country to implement GST in 1954.

Answer:

France

Question: 7

The Union government is responsible for creating and maintaining _____

Answer:

defence forces

Question: 8

The present Indian tax system is based on the ______ tax system.

Answer:

ancient

Question: 9

Tax means ______

Answer:

estimate

Question: 10

The origin of the word ‘tax’ from the word _____

Answer:

taxation