Match each tax with its type.

Match each tax with its type. — CUET Economics practice

Question 23

MediumOriginal question

Match each tax with its type.

List I	List II
A. Income tax	I. Indirect tax on goods and services
B. GST	II. Direct tax on persons
C. Corporation tax	III. Indirect tax on imports and exports
D. Customs duty	IV. Direct tax on companies

A-II, B-IV, C-III, D-ICorrect answerYour answerA-IV, B-II, C-I, D-IIICorrect answerYour answerA-III, B-I, C-IV, D-IICorrect answerYour answerA-II, B-I, C-IV, D-IIICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

Income and corporation tax are direct; GST and customs duty are indirect.

Concept: Direct and indirect taxes
Typical timeTypical: 90 s
Your timeYours: —

The rule this testsDirect and indirect taxes

Practise this chapter →

Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

Practise this chapter →

Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

Question 23

Explanation