Question : Which of the following is a source of tax revenue?
Option 1: Penalties
Option 2: Customs
Option 3: Profits
Option 4: Grants
Correct Answer: Customs
Solution : The correct option is Customs .
Customs duties are a significant source of tax revenue. They are taxes imposed on goods when they are imported or exported between countries. They are also known as tariffs. The rates of the goods can vary based on the type of goods, their country of origin and the trade agreements in place.
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Question : Which of the following sets belongs to central tax?
Question : Among the tax revenues of the Union Government, the most important source is:
Question : Which of the following may be classified as a 'Pigouvian tax'?
Question : Which of the following is an indirect tax?
Question : Which of the following taxes is proportional in nature?
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