Public Finance And Budget — Practice Quiz
Telangana Open School (TOSS) · Class 12 · Economics
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Quick Quiz: Public Finance And Budget
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What is the main source of tax revenue for the Central Government in India?
Which of the following is an example of non-tax revenue?
When was the Goods and Services Tax (GST) implemented in India?
Which tax is levied on the supply of goods and services?
Sample Questions
Which of the following is a direct tax?
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Personal income tax
Direct taxes are those where the burden cannot be shifted, such as income tax paid directly by individuals.
What does CGST stand for?
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Central Goods and Services Tax
CGST stands for Central Goods and Services Tax, which is collected by the Central Government under the GST regime.
Which of the following is a component of public finance?
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Public revenue,Public expenditure,Public debt
Public finance consists of three main components: public revenue, public expenditure, and public debt.
Which body recommends the distribution of tax proceeds between the Centre and States?
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Finance Commission
The Finance Commission is established under Article 280 to recommend the distribution of tax revenues between the Centre and States.
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