Indian Economy - Mock Test 13

Question 121

The power to levy service tax is now provided by the Constitution vide entry No.?

A) 54 of the State list B) 92C of the Union list C) 93 of the Union list D) 97 of the Union list

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Question 122

The provisions relating to service tax are given in?

A) The Service tax Act, 1994 B) Chapter V of the Finance Act, 1994 C) Chapter V and VA of the Finance Act, 1994 D) Chapter VII and VIII of the Finance Act, 2004

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Question 123

Service tax was initially levied in India by the Constitution vide entry No. ?

A) 54 of the State list B) 92C of the Union list C) 92C of the concurrent list D) 97 of the Union list

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Question 124

Service tax was introduced first time on?

A) 1 year B) 2 years C) 3 years D) 4 years

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Question 125

Service tax was introduced in India in the year?

A) 1992 B) 1994 C) 1996 D) 1998

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Question 126

Sales Tax is?

A) Direct Taxes B) Indirect taxes C) All of the above D) None of these

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Question 127

Direct taxes includes?

A) Income Tax B) Property Tax C) Gift Tax D) All of these

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Question 128

Taxes in India are including ?

A) Direct taxes B) Indirect taxes C) Both 1⃣ and 2⃣ D) None of these

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Question 129

Government imposes taxes to ?

A) check the accumulation of wealth among the rich B) run the machinery of state C) uplift weaker sections D) none of these

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Question 130

Which of the following is not a direct tax?

A) Sales Tax B) Wealth Tax C) Estate Duty D) Income Tax

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