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Bihar Cooperative Bank Assistant Mains
IMPORTANT
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As we all know India has a three-tier structure of tax administration. There are taxes levied by Central Government, State Governments and Local Governments. Which of the following taxes is levied by the local government bodies?

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Important Questions on Tax and Budget

HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 11 - Tax and Budget>QUESTION BANK>Q 40
The amount of which of the following reflects the overall budgetary position of the Government of India at a given time?
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 11 - Tax and Budget>QUESTION BANK>Q 41
Which of the following services provided by a bank in India is not liable for Service Tax as per existing laws?
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 11 - Tax and Budget>QUESTION BANK>Q 42
The maximum amount of the total revenue earned by the Government of India comes from _____.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 11 - Tax and Budget>QUESTION BANK>Q 43
Which of the following commission setup by the President of India decides the distribution of tax incomes between the Central and State Governments?
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 11 - Tax and Budget>QUESTION BANK>Q 44
Minimum Alternative tax was introduced in India for the first time in the year _____.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 11 - Tax and Budget>QUESTION BANK>Q 45
Modified Value Added Tax (MODVAT) was introduced in
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 11 - Tax and Budget>QUESTION BANK>Q 46
Excise duty is levied on _____.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 11 - Tax and Budget>QUESTION BANK>Q 47
Which of the following taxes in not levied by the Union Government?