The tax which is levied on goods or services produced or purchased.

The tax which is levied on goods or services produced or purchased.
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 Ans. Indirect tax
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'Quota' is - (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports

Description : 'Quota' is - (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports

Last Answer : (3) limit on the quantity of imports Explanation: An import quota is a limit on the quantity of a good that can be produced abroad and sold domestically. It is a type of ... production of a good, service, or activity, thus "protect" domestic production by restricting foreign competition.

‘Quota’ is (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports

Description : ‘Quota’ is (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports

Last Answer : limit on the quantity of imports

Forestry outside the conventional forests which primarily aim at providing continuous flow of goods and services for the benefit of people

Description : Forestry outside the conventional forests which primarily aim at providing continuous flow of goods and services for the benefit of people

Last Answer : Ans. Social forestry

Excise duty is levied on - (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

Description : Excise duty is levied on - (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

Last Answer : (2) production of goods Explanation: Excise duty is a tax on manufacture or production of goods. Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and ... "State Excise" duty. The Excise duty on rest of goods is called "Central Excise" duty.

Taxes levied by a nation on goods bought outside its borders and brought in, are called 1. import duties 2. export duties 3. export tariffs 4. quotas 5. import tariffs

Description : Taxes levied by a nation on goods bought outside its borders and brought in, are called 1. import duties 2. export duties 3. export tariffs 4. quotas 5. import tariffs

Last Answer : import tariffs

axes levied by a nation on goods bought outside its borders and brought in are called A)import duties. B)export duties. VU Cafeteria C)export tariffs. D)quotas. E)import tariffs.

Description : axes levied by a nation on goods bought outside its borders and brought in are called A)import duties. B)export duties. VU Cafeteria C)export tariffs. D)quotas. E)import tariffs.

Last Answer : E)import tariffs.

Excise duty is levied on (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

Description : Excise duty is levied on (1) sale of goods (2) production of goods (3) import of goods (4) export of goods 

Last Answer : production of goods

In cash transactions, goods or services are purchased for a certain value to be paid in the future.

Description : In cash transactions, goods or services are purchased for a certain value to be paid in the future.

Last Answer : State whether the following statement are true or false with reason : In cash transactions, goods or ... a certain value to be paid in the future.

In barter transactions, goods or services are purchased for other goods or services.

Description : In barter transactions, goods or services are purchased for other goods or services.

Last Answer : State whether the following statement are true or false with reason : In barter transactions, ... services are purchased for other goods or services.

In credit transactions, goods or services are purchased for cash only

Description : In credit transactions, goods or services are purchased for cash only

Last Answer : State whether the following statement are true or false with reason : In credit transactions, goods or services are purchased for cash only

What are Capital goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumer goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Description : What are Capital goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumer goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Last Answer : : b) Goods such as tools, machinery, etc which are used to create final consumer goods

What are consumption goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumption goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Description : What are consumption goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumption goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Last Answer : : c) Goods and services that are consumed fully when purchased by the consumers

Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Description : Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Last Answer : The answer is 'Stamp Duties'

Which tax is not levied by the Union Government? -Do You Know?

Description : Which tax is not levied by the Union Government? -Do You Know?

Last Answer : Land revenue is not levied by the Union Government or Central government. Land revenue is an item of the state list.

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is not levied by the Union Government? -Do You Know?

Description : Which tax is not levied by the Union Government? -Do You Know?

Last Answer : Land revenue is not levied by the Union Government or Central government. Land revenue is an item of the state list.

Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Description : Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

What types of taxes are levied under Income Tax Ordinance , 1984 ?

Last Answer : : Under the Income Tax Ordinance 1974, two types of taxes are levied: 1) Personal Income Tax 2) Corporate Income Tax

Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Description : Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Last Answer : (4) Taxes on Advertisement Explanation: Apart from taxes levied and collected by the States, the Constitution has provided for the revenues for certain taxes on the Union List to be allotted ... exchanges and future markets; and Taxes on sale and purchase of newspapers and advertisements therein.

Ad Valorem tax is levied - (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Description : Ad Valorem tax is levied - (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Last Answer : (3) according to value given by producers Explanation: An ad valorem tax (Latin for "according to value") is a tax based on the value of real estate or personal property. It is more ... difficulty with such taxation, especially in the case of tariffs, is in establishing a satisfactory value figure.

The tax levied on gross sales revenue from business transactions is called - (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax

Description : The tax levied on gross sales revenue from business transactions is called - (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax

Last Answer : (1) Turnover Tax Explanation: A turnover tax is similar to a sales tax or a VAT, with the difference that it taxes intermediate and possibly capital goods. It is charged on gross ... turnover tax is levied on all intermediate transactions between businesses leading to and including the final sale.

The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

Description : The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

Last Answer : (3) State Excise Duty Explanation: An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to customs ... paper, drugs and pharmaceuticals, alcoholic liquor, water filtration and purification devices, pan masala, etc.

Which tax is not levied by the Union Government?

Description : Which tax is not levied by the Union Government?

Last Answer : Profession Tax

Which tax is levied by the Union and collected and appropriated by the States?

Description : Which tax is levied by the Union and collected and appropriated by the States?

Last Answer : Stamp Duties

1. By which method is the age of most ancient geological formations estimated? 2. Which tax is levied by the Union and collected and appropriated by the States? 3. Ban-Ki-Moon the Secretary general of UNO belongs to which country? 4. Which layer of the atmosphere provides ideal conditions for flying of jet aeroplanes? 5. In which state had Gautama Buddha had attained Mahaparinirvan?

Description : 1. By which method is the age of most ancient geological formations estimated? 2. Which tax is levied by the Union and collected and appropriated by the States? 3. Ban-Ki-Moon the Secretary general of ... of the World's Pressure Belts? 20. Who is considered to be the father of Ayurveda ?

Last Answer : Answer : 1. C4 method 2. Stamp Duties 3. South Korea 4. Stratosphere 5. Malia 6. Nitrates 7. Lord Ripon 8. Decrease 9. Water Vapour 10. Devabhuti 11. Kamla Kant 12. Tax on entertainment ... 14. Coniferous forest 15. Tamils 16. 73rd 17. Polyethylene 18. Swami Vivekananda 19. Monsoon 20. Charaka

The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

Description : The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

Last Answer :  Central Excise Duty

Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states ? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Description : Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states ? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Last Answer : Taxes on Advertisement

Ad Valorem tax is levied (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Description : Ad Valorem tax is levied (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

Last Answer : according to value given by producers

The tax levied on gross sales revenue from business transactions is called (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax

Description : The tax levied on gross sales revenue from business transactions is called (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax 

Last Answer : Turnover Tax

A line indicates all possible combinations of two inputs which can be purchased with a given amount of investment fund

Description : A line indicates all possible combinations of two inputs which can be purchased with a given amount of investment fund

Last Answer : Ans. Iso-Cost line

No politicking, just economics. Would simply taxing all goods and services work better than the American system of taxation? Akin to sales tax.

Description : No politicking, just economics. Would simply taxing all goods and services work better than the American system of taxation? Akin to sales tax.

Last Answer : I think, and have for awhile, taxing individuals is messy and inefficient. Taxing all goods and services is even more messy and inefficient. If I had to redo from scratch, I’d perhaps only tax corporations, inheritances, and capital gains as a way to simplify everything.

What is Integrated Goods and Services Tax? (A) Tax on international trade (B) Tax imposed on interstate trade (C) Tax imposed on value additions to exports (D) Tax imposed on imported goods and services

Description : What is Integrated Goods and Services Tax? (A) Tax on international trade (B) Tax imposed on interstate trade (C) Tax imposed on value additions to exports (D) Tax imposed on imported goods and services

Last Answer : (B) Tax imposed on interstate trade

GST is a ................... based tax on consumption of goods and services. (A) Origin (B) Destiny (C) Development (D) Destination

Description : GST is a ................... based tax on consumption of goods and services. (A) Origin (B) Destiny (C) Development (D) Destination

Last Answer : (D) Destination

What kind of Tax is GST? (A) Direct Tax (B) Indirect Tax (C) Depends on the type of goods and services (D) None of the above

Description : What kind of Tax is GST? (A) Direct Tax (B) Indirect Tax (C) Depends on the type of goods and services (D) None of the above

Last Answer : (B) Indirect Tax

What kind of Tax is GST? (A) Direct Tax (B) Indirect Tax (C) Depends on the type of goods and services (D) None of the above What kind of Tax is GST? (A) Direct Tax (B) Indirect Tax (C) Depends on the type of goods and services (D) None of the above

Description : What kind of Tax is GST? (A) Direct Tax (B) Indirect Tax (C) Depends on the type of goods and services (D) None of the above

Last Answer : (B) Indirect Tax

What is Integrated Goods and Services Tax? (A) Tax imposed on imported goods and services (B) Tax imposed on value additions to exports (C) Tax imposed on interstate trade (D) Tax on international trade

Description : What is Integrated Goods and Services Tax? (A) Tax imposed on imported goods and services (B) Tax imposed on value additions to exports (C) Tax imposed on interstate trade (D) Tax on international trade

Last Answer : (C) Tax imposed on interstate trade

The concept of Goods and Services Tax (GST) is originated in– (A) Canada (B) USA (C) Britain (D) Germany

Description : The concept of Goods and Services Tax (GST) is originated in– (A) Canada (B) USA (C) Britain (D) Germany

Last Answer : (A) Canada

In a pure market economy who determines which goods and services are produced and in what quantities?

Description : In a pure market economy who determines which goods and services are produced and in what quantities?

Last Answer : Need answer

Gross National Product is the money measure of - (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Description : Gross National Product is the money measure of - (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Last Answer : (2) final goods and services produced in the economy Explanation: Gross national product (GNP) is the market value of all products and services produced in one year by labour and property supplied ... (including income of those located abroad), minus income of non-residents located in that country.

The total value of goods and services produced in a country during a given period is - (1) Disposable income (2) National income (3) Per capita income (4) Net national income

Description : The total value of goods and services produced in a country during a given period is - (1) Disposable income (2) National income (3) Per capita income (4) Net national income

Last Answer : (2) National income Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Understanding how national income is created is the starting point for macroeconomics.

A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is calleda. Copyright b.Patents c. Trademark d. All of these

Description : A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is calleda. Copyright b.Patents c. Trademark d. All of these

Last Answer : c. Trademark

A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is calleda. Copyright b.Patents c. Trademark d. All of these

Description : A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is called a. Copyright b.Patents c. Trademark d. All of these

Last Answer : c. Trademark

There are three fundamental questions every society must answer. Which of the following is/are one of these questions? a. What goods and services are to be produced? b. How are the goods and services to be produced? c. Who will get the goods and services that are produced? d. All of the above

Description : There are three fundamental questions every society must answer. Which of the following is/are one of these questions? a. What goods and services are to be produced? b. How are the goods and services to be produced? c. Who will get the goods and services that are produced? d. All of the above

Last Answer : d. All of the above

National income is the ……………. Of all the goods and services produced by a country during a period of year A. Physical quantity B. Money value C. Value D. All the three

Description : National income is the ……………. Of all the goods and services produced by a country during a period of year A. Physical quantity B. Money value C. Value D. All the three

Last Answer : B. Money value

Nominal GDP is A. The total value of goods and services net of exports B. The total value of goods and services produced during periods of low unemployment C. The total value of goods and services measured at current prices D. The total value of goods and services produced at full employment.

Description : Nominal GDP is A. The total value of goods and services net of exports B. The total value of goods and services produced during periods of low unemployment C. The total value of goods and services measured at current prices D. The total value of goods and services produced at full employment.

Last Answer : C. The total value of goods and services measured at current prices