Previous year MCQs

Economy UPPSC 1993 GS-I
Question

Which of the following is an indirect tax?

Answer & Solution

Answer: (Detailed Solution Below)

Option D: Sales tax

Detailed Solution:

The correct answer is “Sales tax”.
Sales tax is a common example of an indirect tax. It is levied on the sale of goods and services and is collected by the seller from the consumer.

Similar Questions:

Which of the following Institution/office bring out the Wholesale Price (WPI) data in India?
  1. A) The Reserve Bank of India
  2. B) The Ministry of Commerce and Industry
  3. C) The Ministry of Finance
  4. D) The Ministry of Consumer Affairs, Food and Public Distribution
The position of India in worlds textile export is:
  1. A) First
  2. B) Second
  3. C) Third
  4. D) Fourth
Source of Vitamin D is:
  1. A) Lemon
  2. B) Sun rays
  3. C) Orange
  4. D) Cashew nut
Assertion (A): The Government is resorting to disinvestment of some of the public sector units (PSU's).
Reason (R): PSU's have not generated enough employment opportunities.

Codes:
  1. A) Both A and R are true and R is the correct explanation of A
  2. B) Both A and R are true but R is not the correct explanation of A
  3. C) A is true but R is false
  4. D) A is false but R is true
Which of the following fixes the poverty line in India?
  1. A) Central Council of Ministers
  2. B) Lok Sabha
  3. C) Rajya Sabha
  4. D) Planning Commission (Now Niti Ayog)
The "gilt-edged" market deals in:
  1. A) Worn and torn currency notes
  2. B) Bullion
  3. C) Govt. securities
  4. D) Corporate bonds
Which among the following are the sources of current revenue for the Central Govt?

I. Corporate Tax
II. Profit from Public Enterprises
III. Sale of National Savings Certificates
IV. Loans received from the World Bank
V. Excise duties

Select the correct answer from the codes given below:
Codes:
  1. A) I, II and III
  2. B) II, III and IV
  3. C) III, IV and V
  4. D) I, II and V
During 1991-952023-2024 the countries which brought largest direct foreign investment to India are:
  1. A) USA and Japan
  2. B) USA and Germany
  3. C) Japan and Israel
  4. D) Mauritius and Singapore
Super 301 is related with?
  1. A) International treaty
  2. B) Nuclear explosion
  3. C) Human rights
  4. D) Obstacle in free trade
Easily soluble in water is:
  1. A) Carbon
  2. B) Nitrogen
  3. C) Ammonia
  4. D) Iodine
Which one of the following is not the objective of financial inclusion?
  1. A) To extend financial services to poor population.
  2. B) To unlock the door of growth potential of weaker section.
  3. C) Shrinking of banking infrastructure.
  4. D) To extend financial sector into rural areas.
At present, India’s crude mortality rate is -
  1. A) In Below 9%
  2. B) In Between 9-10%
  3. C) In Between 10-11%
  4. D) In Between 11-12%