Put the main sources of revenue of the Central Government in ascending order of importance:
1. Income tax
2. Corporation tax
3. Customs
4. Excise duties

Related MCQs

• MODVAT is different from VAT in the sense that: 1. under MODVAT, tax is levied only on value addition while under VAT, excise is imposed on final value and then rebate is given on inputs 2. MODVAT is only at the production stage while VAT extends both to production and distribution stage 3. under MODVAT, excise is levied on final value and then rebate is given on inputs while under VAT, tax is levied only on value addition 4. MODVAT implies rationalization of excise duty only while VAT implies rationalization of excise, sales and turnover taxes etc. also Choose correct answer from:
• The budget broadly comprises: (i) revenue budget, and (li) capital budget. Which of the following item or items is/are not covered under the revenue budget? I. Different proceeds of taxes and other duties levied by the government II. Interest and dividend on investments made by the government III. Expenditure on running the government and various services IV. Market loans raised by the government
• A tax that takes away a higher proportion of one's income as the income rises is termed as [I. Tax & Central Excise 1990]
• Which of the following is not a method of estimating national income? [I. Tax & Central Excise 1991]
• Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)? 1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt. 2. The Government no longer intends to retain the management control of the CPSEs. Which of the statements given above is/are correct? [CSAT 2011]
• What is Laissez-faire? [I. Tax & Central Excise 1989]
• Excise Duties are taxes on :
• Consider the following taxes: 1. Corporation Tax 2. Value Added Tax 3. Wealth Tax 4. Import duty Which of these is/are Indirect taxes?
• The system of Budget was introduced in India during the viceroyalty of: [Central Excise 1994]
• With reference to the government's welfare schemes, consider the following statements: 1. Under the Antyodaya Anna Yojana, the food grains are available to the poorest of the poor families at Rs. 2 per kg for wheat and Rs.3 per kg for rice. 2. Under the National Old Age Pension Scheme, the old and destitute are provided Rs. 75 per month as Central Pension, in addition to the amount provided by most State Government 3. Government of India has allocated 25 kg food grains per below Poverty Line family per month, at less than half the economic cost. Which of these statements are correct? [IAS 2003]