Which one of the following countries is the first country in the world to propose a carbon tax for its people to address global warming?
(a) Australia (b) Germany (c) Japan (d) New Zealand
1 Answers
Talk Doctor Online in Bissoy App
If inflation is higher in country A than in Country B, and the exchange rate between the two countries is fixed,
Country A has a higher inflation than country B. Since, the exchange rate is fixed, it is advantageous for country B to export goods to country A. Similarly, it is...
1 Answers 1 views
Which one of the following countries occupies the first place in the "Global Competitive Report" of World Economic Forum?
(b) According to Global Competitive Report of 'World Economic Forum' in 1999, Singapore occupies the first place with Index 2.12, India was at 52nd with Index - 1.30. Russia is...
1 Answers 2 views
Which one of the following is the correct statement? Service tax is a/an: (a) direct tax levied by the Central Government.
(b) All taxes which are the personal liability of an assessee come under direct taxes. They include income tax, professional tax, wealth tax, securities transaction tax, commodity transaction tax and...
1 Answers 1 views
Consider the following: 1. Fringe Benefit Tax 2. Interest Tax 3. Securities Transaction Tax
(d) Fringe Benefits Tax (FBT) was the tax applied to most, although not all, fringe benefits. A new tax was imposed on employers by India’s Finance Act 2005 and was...
1 Answers 1 views
In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years?
(c) The excise duty’s share in the total tax revenue, which was 41.3 percent in 1992-93, declined to 25.1 percent in 2006-07. The customs duty’s share in the total tax...
1 Answers 1 views
A kind of tax called Taille was a/an: (A) Direct tax (B) Indirect tax (C) indiscriminate tax (D) Custom duty
The answer is (A) Direct tax
1 Answers 1 views
Which of following is a direct tax? (Choose the correct alternative) (a) corporation tax (b) entertainment tax
(a) corporation tax
1 Answers 1 views
Explain the distinction between Direct Tax and Indirect Tax. Give one example of each.
Direct Tax-A tax which is paid by the same person on whom it has been levied is termed as Direct Tax. In case of direct tax, burden can not be...
1 Answers 1 views
Classify the following taxes into direct and indirect tax. Give reasons for your answer. (i) corporation tax (ii) entertainment tax
(i) It is direct tax as its impact and incidence is on the same person. (ii) It is indirect tax as its impact and incidence are on different persons. (iii) It is...
1 Answers 1 views
What universal set (s) would you propose for each of the following?
1 Answers
1 views