

McqMate
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. |
View all MCQs in
Economics (GK)No comments yet