The Government Budget and Taxation AP 9th Class Social Bits 11th Lesson

The Government Budget and Taxation

AP 9th Class Social Bits 11th Lesson

Choose the correct answer.

Question 1.
An example of direct tax is
A) Customs duty
B) Excise duty
C) Income tax
D) Sales tax
Answer:
C) Income tax

Question 2.
An example of indirect tax is
A) Sales tax
B) Income tax
C) Corporate tax
D) Property tax
Answer:
A) Sales tax

Question 3.
In 2011-12, the government spent …………. % on defence.
A) 7%
B) 12%
C) 4%
D) 3%
Answer:
A) 7%

Question 4.
………….. is a tax levied on goods brought from abroad.
A) Income
B) Sales
C) Corporate
D) Customs duty
Answer:
D) Customs duty

Question 5.
………….. tax is levied in the factory itself.
A) Sales
B) Customs duty
C) Excise
D) Corporate
Answer:
C) Excise

Question 6.
…………… is Union Finance Minister.
A) Manohar Parikar
B) Smriti Irani
C) M. Venkaiah Naidu
D) Nirmala Sitaraman
Answer:
D) Nirmala Sitaraman

Question 7.
Finance minister of Andhra Pradesh is
A) Buggana Rajendranath
B) K. Acchem Naidu
C) P. Pulla Rao
D) K.E. Krishna Murthy
Answer:
A) Buggana Rajendranath

Question 8.
Railway budget is presented by
A) Union Finance Minister
B) Railway Minister
C) Union Home Minister
D) Prime Minister
Answer:
B) Railway Minister

Question 9.
Financial Year 2011-12 is
A) 1st Jan 2011 – 31st Dec. 2012
B) 1st April 2011 – 31st March 2012
C) 1st Jan 2011 – 31st Dec. 2011
D) 1st March 2011 – 31st March 2012
Answer:
B) 1st April 2011 – 31st March 2012

Question 10.
Expand VAT
A) Value Added Tax
B) Value Adhoc tax
C) Variation Added Tax
D) Variation Adhoc tax
Answer:
A) Value Added Tax

Question 11.
………….. tax is evaded on a wide scale.
A) Excise
B) Income
C) Sales
D) Corporate
Answer:
C) Sales

Question 12.
Identify the odd one.
A) Retailor
B) Distributor
C) Wholesaler
D) Consumer
Answer:
D) Consumer

Question 13.
Tax levied on import is
A) Excise duty
B) Custom duty
C) Service tax
D) Corporate tax
Answer:
B) Custom duty

Question 14.
Goods produced attract …………… tax.
A) Excise duty
B) Custom duty
C) Service tax
D) Corporate tax
Answer:
A) Excise duty

Question 15.
In 1997 …………… lakh individuals were assessed for income tax.
A) 141
B) 114
C) 144
D) 411
Answer:
B) 114

Question 16.
…………. is indirect tax.
A) Corporate tax
B) Income tax
C) VAT
D) Sales tax
Answer:
D) Sales tax

Question 17.
In 2011-12 ……………. % of total expenditure was on education and culture.
A) 12
B) 4
C) 8
D) 6
Answer:
A) 12

Question 18.
……………. is not an organ of government.
A) Legislature
B) Executive
C) Judiciary
D) Revenue
Answer:
D) Revenue

Question 19.
Expand MRP
A) Minimum Retail Price
B) Maximum Retail Price
C) Maximum Real Price
D) Minimum Real Price
Answer:
B) Maximum Retail Price

Question 20.
…………… tax is charged personal income of individuals.
A) Corporate
B) Wealth
C) Income
D) Property
Answer:
C) Income

Read the passage given below Answer the questions that follow.
Thus there are many ‘tax evaders’ and the black money, that is the money on which tax should have been paid but wasn’t, goes on accumulating. To get hold of this hoard of black money, the income tax department raids many people’s places. It has also tried to make the procedures more convenient for people to pay their own tax. Despite these efforts a large number of people do not pay income tax, or pay less than they should.

Question 21.
Name the department which raids on many people’s places.
A) ACB
B) CBI
C) Income Tax Department
D) ED
Answer:
C) Income Tax Department

Question 22.
From where does customs duty is collect?
A) Factories
B) Offices
C) Airports
D) Cinemas
Answer:
C) Airports

Question 23.
From where does sales tax is collect?
A) Traders
B) Bankers
C) Cine heroes
D) None of them
Answer:
A) Traders

Read the table and answer the questions.

Question 24.
How many types of taxes are there?
A) 2
B) 3
C) 4
D) 5
Answer:
A) 2

Question 25.
What is the percentage of excise duty?
A) 10%
B) 16%
C) 5%
D) 23%
Answer:
B) 16%

Question 26.
What kind of tax generate more revenue after corporation tax?
A) Service tax
B) Excise tax
C) Sales tax
D) Income tax
Answer:
C) Sales tax

Question 27.
The main source of revenue for the government is:
A) sales
B) loans
C) taxes
D) rents
Answer:
C) taxes

Question 28.
2017 – 18 Union Budget presented in Loksabha on
A) February 28, 2017
B) March 1, 2017
C) February 15, 2017
D) February 1, 2017
Answer:
D) February 1, 2017

Question 29.
Budget means
A) Expenditure
B) Income
C) Balance of income and expenditure
D) Consumption
Answer:
C) Balance of income and expenditure

Question 30.
Excise duty is levied on
A) Distributor
B) Wholesaler
C) Retailer
D) Manufacturer
Answer:
D) Manufacturer

Question 31.
Which of these is an indirect tax?
A) Wealth tax
B) Gift tax
C) Income tax
D) Goods and service tax
Answer:
D) Goods and service tax

 

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