Which among the following is not a direct tax? Income tax Wealth tax Corporate t

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Question
Which among the following is not a direct tax?
Options
A. Income tax
B. Wealth tax
C. Corporate tax
D. None of these

Correct Answer

None of these

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Indian Economy problems

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1. Which one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?
Options
A. NASDAQ Index
B. BSE Index
C. Consumer Price Index
D. Wholesale Price Index

Discuss

Correct Answer: Consumer Price Index

Explanation:

The Wholesale Price Index (WPI) was main index for measurement of inflation in India till April 2014 when RBI adopted new Consumer Price Index (CPI) as the key measure of inflation.

2. Which amongst the following is not a component of monetary policy in India?
Options
A. Repo rate
B. Moral suasion
C. Credit Rationing
D. Public Debt

Discuss

Correct Answer: Public Debt

3. In which market form, a market or an industry is dominated by a single seller?
Options
A. Oligopoly
B. Monopoly
C. Duopoly
D. Monopolistic Competition

Discuss

Correct Answer: Monopoly

4. Consider the following statements: 1. Inflation in India continued to be moderate during 2017-18 2. There was significant reduction in food inflation, particularly pulses and vegetables during the period. Which of the statements given above is/are correct?
Options
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2

Discuss

Correct Answer: Both 1 and 2

Explanation:

According to the Survey, inflation in the country continued to moderate during 2017-18 with the CPI based headline inflation averaging 3.3 per cent during the period --the lowest in the last six financial years

Retail inflation fell to a record low of 2.18% in May as prices of kitchen staples like vegetables and pulses declined sharply although there was a marginal spike in fruit rates.

5. Which of the following tax systems will help to reduce economic inequalities in India?
Options
A. Regressive Tax
B. Progressive Tax
C. Flat rate tax
D. None of these

Discuss

Correct Answer: Progressive Tax