Q.

Which of the following is an indirect tax?

A. Capital Gains Tax
B. Excise Duty
C. Wealth Tax
D. Estate Duty
Answer» B. Excise Duty
Explanation: Some examples of indirect taxes include value added tax, excise duty, sales tax, stamp duty and custom duty levied on imports. These are taxes levied by the slate on expenditure and consumption, but not on property or income.
1k
0
Do you find this helpful?
1

View all MCQs in

Economics (GK)

Discussion

No comments yet