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Sales Tax is

  • Direct Tax
  • Indirect Tax
  • Tax imposed by central government
  • Tax imposed by state government

Answer: Option B

Explanation:

Direct Taxes are : Income Tax, Property Tax, Gift Tax etc.

Indirect Taxes are : Sales Tax, Excise Tax, Custom Duty etc.

Similar Questions :

1. Balance sheet shows

  • Assets
  • Liabilities
  • Both assets and liabilities
  • Neither of them

Answer: Option C

2. Green Revolution started in

  • 1964-65
  • 1965-66
  • 1966-67
  • 1967-68

Answer: Option C

3. Mahila Samridhi Yojana started in ?

  • 1992
  • 1993
  • 1994
  • 1995

Answer: Option B

Explanation:

Mahila Samridhi Yojana started on 2 October, 1993.

4. Which industry is the largest ?

  • Handloom
  • Sports
  • Music
  • Textile

Answer: Option D

Explanation:

Textile industry is the largest industry in the country. The share of Textile and clothing in total industrial production is approx 14%. It provides employment to more than 350 lakh people.

5. Planning Commission was constituted on ?

  • 15 March, 1948
  • 15 March, 1949
  • 15 March, 1950
  • 15 March, 1951

Answer: Option C

Explanation:

The Prime Minister is the ex-officio Chairman of this Commission.

Read more from - Indian Economy Questions Answers
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