Introduction to Taxes and Inflation
Authored by Ragini Ravichandran
Other
6th - 8th Grade
Used 1+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Why does the government collect taxes from individuals and businesses?
To buy luxury items
To fund public services and infrastructure
To distribute as gifts to citizens
To support private businesses
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What type of tax do we pay in India when we purchase goods and services?
Income Tax
Property Tax
Goods and Services Tax (GST)
Gift Tax
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Indirect taxes are taxes that are directly paid to the government by individuals or corporations.
True
False
Answer explanation
Direct taxes are taxes that are directly paid to the government by individuals or corporations.
4.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
Look at the image shared. How much tax is being paid here?
(a)
5.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
(a) are compulsory payments made by individuals and businesses to the government.
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
CGST and SGST are charged on transactions made within a state.
True
False
7.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
Inflation is when the prices of things like food, clothes, and toys go (a) over time.
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