Quiz on Indirect Taxation

Indirect taxes are paid:

• Directly by taxpayers

• Through intermediaries, included in price

• Only on income

• Only by organizations

Which one is an example of an indirect tax?

• Income tax

• GST

• Corporate tax

• Capital gains tax

A key feature of indirect tax is:

• Progressive burden

• Shifted tax incidence

• Paid only by high earners

• Levied on assets

Direct taxes are based on:

• Consumption

• Income or wealth

• Goods prices

• Import duty

Which tax is regressive in nature?

• Income tax

• Corporate tax

• Indirect tax

• Wealth tax

GST is:

• A direct tax

• An indirect tax

• Only for interstate trade

• A progressive tax

One feature of indirect taxes is:

• Bearer pays directly

• Collected by intermediaries

• Taxable only on profits

• Paid during income filing

Contribution of indirect taxes to government revenue in India is about:

• One-third

• Two-thirds

• Half

• One-fourth

Abolition of VAT and introduction of GST is an example of:

• Regressive reform

• Tax simplification

• Income redistribution

• Trade policy change

Which indirect tax applies to imports?

• CGST

• SGST

• Customs duty

• Income tax