Question 30
MediumOriginal questionMatch each item with its kind.
| List I | List II |
|---|---|
| A. GST on a refrigerator | I. Production tax |
| B. Land revenue paid by a factory | II. Product subsidy |
| C. Income tax on a salary | III. Product tax |
| D. A subsidy of ₹5 per kg on fertiliser | IV. Direct tax, not a production or product tax |
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Product taxes and subsidies are per unit of a product (GST; a subsidy per kg).
Production taxes are paid whatever the output, such as land revenue. Income tax is a direct tax on income.
- Concept
- Product and production taxes
- Typical timeTypical
- 90 s
- Your timeYours
- —
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