Taxation is the way to redistribute income and increase the government's revenue. Play this informative quiz on taxation that contains MCQ-based questions to gauge your knowledge and understanding of the topic. The quiz contains various questions ranging from easy, medium, to hard levels that would enhance your knowledge about the topic. If you like this quiz, do share it with your friends and family. Let's see how you ace this. All the best!
Individual & HUF
AOP/BOI, LA, Every AJP
Firm & Company
All of the above
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Raising revenue for the state
To maintain economic stability
To remove disparities in the distribution of income
All of the above
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Legal
Illegal
Both
None
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Clarification
Exceptions
Proper Administration
None of these
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Convenience
Tax evasion is difficult
Fair to the poor
Powerful tool of economic policy
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Individuals (only)
Company
Any Person other than (a)
Any kind of person
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Change in prices
Elasticity of demand and supply
Nature of Demand
Income of the consumer
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In the short period, shifting of a tax is easy.
In the long period shifting of a tax is easy.
When supply is elastic, shifting is easy.
None of the above.
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Final money burden
Immediate money burden
Indirect real burden
None of the above
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