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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. The concept of Economic Planning in India is derived from ?

  • USA
  • UK
  • Australia
  • Russia

Answer: Option D

2. Who fixes the poverty line ?

  • Governement
  • Lok sabha
  • Rajya sabha
  • Planning Commision

Answer: Option D

3. Banking regulation act was passed in ?

  • 1947
  • 1948
  • 1949
  • 1950

Answer: Option C

4. Who was the father of Operation Flood ?

  • Dr. Norman Borlaug
  • Dr. M.S. Swaminathan
  • Dr. Verghese Kurien
  • Dr. William Gande

Answer: Option C

Explanation:

The "Operation flood" was the largest integrated dairy development programme of the world. It was started by National dairy development board in 1970.

5. Life Insurance Corporation (LIC) of India was established in ?

  • 1955
  • 1956
  • 1957
  • 1958

Answer: Option B

Explanation:

Life Insurance Corporation (LIC) of India was established in September 1956.

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