Question no 2899 SSC CGL Tier 1 Genral Awareness Questions and Answers Online Test 76

SSC CGL Tier 1 :: GA Test 76

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1 .

Consider the following taxes:

1. Corporation tax

2. Customs duty

3. Wealth taxl

4. Excise duty

[ A ] 1 only
[ B ] 2 and 4
[ C ] 1 and 3
[ D ] 2 and 3

Answer : Option B

Explanation :

Indirect taxes are the charges that are levied on goods and services. Some of the significant indirect taxes include Value Added Tax, Central Sales Tax, Central Excise Duty, Customs Duty, stamp duties and expendi ture tax. Property tax, Corporation tax and Wealth tax are examples of direct taxes.

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