UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
    Which of the following are included in the category of direct tax in India?
    1. Corporation tax   
    2. Tax on income
    3. Wealth tax        
    4. Customs duty
    5. Excise duty
    Select the correct answer using the codes given below

    A) 1, 2­­­­ and 3  

    B) 1, 2, 4 and 5

    C) 2 and 3          

    D) 1, 3, 4 and 5

    Correct Answer: A

    Solution :

    Corporation Tax, Wealth Tax and Income Tax are in the category of direct tax.


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