ECO - Tax and its importance English Medium Free Online Test 1 Mark Questions 2020-2021

7th Standard

    Reg.No. :
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Social Science

Time : 00:05:00 Hrs
Total Marks : 5

    Part A

    5 x 1 = 5
  1. Taxes are ______ payment.

    (a)

    Voluntary

    (b)

    Compulsory

    (c)

    a & b

    (d)

    None of the above

  2. Minimum possible amount should be spent in the collection of taxes is ______.

    (a)

    canon of equality

    (b)

    canon of certainity

    (c)

    canon of economy

    (d)

    canon of convenience

  3. This taxation is a very opposite of progressive taxation______.

    (a)

    degressive

    (b)

    proportional

    (c)

    regressive

    (d)

    none

  4. Income tax is a ______.

    (a)

    direct tax

    (b)

    indirect tax

    (c)

    a & b

    (d)

    degressive tax

  5. Which tax is raised on provision of service.

    (a)

    wealth

    (b)

    corporate

    (c)

    wealth

    (d)

    service

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