Macro

Government Budget

Easy

Identify Indirect Tax among the following :

Gift Tax

Income Tax

Capital Gains Tax

Goods and Services Tax (GST)

✅ Correct Option: 4

Indirect taxes are levied on goods and services and can be shifted to the consumer. GST is levied on supply of goods and services and is an indirect tax. Gift tax, income tax and capital gains tax are direct taxes levied on persons and cannot be shifted.

2024: 16 May

Match List-I with List-II :

2025: 13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Public Provision	(I) No feasible way to deny anyone to use public goods.
(B) Stabalisation Function	(II) Goods are produced directly by the government.
(C) Non-Excludable	(III) Financed through the budget and can be used without any direct payment.
(D) Public Production	(IV) Whether to expand demand or reduce it.

Choose the correct answer from the options given below:

2022: 16 July Shift 2

_____ is included in the government budget as a capital receipt.

2026: 19 May Shift 2

Match the LIST-I with LIST-II

LIST-I (Budgetary theory)	LIST-II (Consequence/implication)
A. Redistribution objective	I. Public provision
B. Allocation Function	II. Government spending more than revenue
C. Budget deficit	III. Intervention to change aggregate demand
D. Stabilization Function	IV. Progressive income taxation

Choose the correct answer from the options given below:

2025: 13 May Shift 1

From the following which product has been kept out from the GST ambit?

2025: 3 June Shift 1

"Government of India has recently implemented various measures (like cash transfers to senior citizens and widows)". The government is trying to achieve the objective of _______ using such measures.

Identify Indirect Tax among the following :

Solution

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