Wealth tax and gift tax have never bought in large amount of revenue for the government and thus are referred to as _______. Option 1: Indirect Tax Option 2: Paper Tax Option 3: Cess Option 4: Value added Tax

The answer is 'Paper Tax'. View full solution:

CUET Economics - Wealth tax and gift tax have never bought in large amount of revenue for the government and thus are referred to as _______. | PYQs + Solutions

CUET Economics

Macro

Medium

Indirect Tax

Paper Tax

Cess

Value added Tax

✅ Correct Option: 2

Related questions:

CUET Economics 2022 Slot 5

Which of the following statements is true ?

(A) Fiscal deficit is the difference between the government's budgetary expenditure and budgetary receipts excluding borrowings.

(B) Primary deficit is the difference between total receipts and interest payments.

(D) Primary deficit equals revenue deficit less interest payments.

(E) Revenue deficit refers to excess of government's revenue expenditure over its revenue receipts.

Choose the correct answer from the options given below :

11 June Shift 3

Which deficit includes only such transactions that affect the current income and expenditure of the government ?

1 June Shift 1

To establish a parity in taxation in the country and extend the principles of 'value added taxation' to all goods and service a tax is introduced. The name of the tax is :

CUET Economics PYQs

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