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Match List - I with List - II : List - I List - II A. Stamp duties and duties on medical I. Duties levied by the Union Government but collected and appropriated by the State B. Duties on succession to property other than agricultural land II. Taxes levied and collected by the Union but assigned to the States C. Taxes on income other than corporation tax and taxes on agricultural income III. Taxes levied and collected by the Union and distributed between the Union and the States D. Excise duty on items other than medical and toilet preparation IV. Taxes levied and collected by the Union but which may be distributed between the Union and the States Choose the correct answer from the options given below :
Which of the following taxes are levied and collected by the Government of India and assigned to the States
1. Taxes on railway fares and freights
2. Taxes on the sale and purchase of newspapers of and on advertisement published therein
3. Taxes on agricultural income
4. Taxes on professions, trade, callings and employment
Which of the following statement(s) is/are correct about Direct Taxes? I. Direct taxes consist of taxes on incomes of individuals. II. Income tax is one of the direct taxes.
In the following question, the 1st and the last part of the sentence/ passage are numbered 1 and 6. The rest of the sentence/passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct. 1. The Goods and Services Tax (GST) is imposed on the supply of products and/or services within the country. P. This can be achieved by charging uniform tax rates and eliminating economic barriers. Q. The objective of GST is to drive India towards becoming an integrated economy. R. These include Service Tax, Purchase Tax, Central Excise Duty, Value Added Tax, Entry Tax, Luxury Tax, Local Body Taxes, etc. S. It subsumes multiple indirect taxes that are imposed by the State Governments or the Central Government 6. Thus, it will make the country a common national market
A statement is given below, followed by two arguments, 1 and 2. You have to consider the statement to be true even if it seems to be at variance with commonly known facts. You have to decide which of the given arguments, if any, is strong and supports the given statements.  Statement: Should taxes be abolished in a developing country like India? Arguments 1: No, taxes are a good source of Income for the government to take steps for the development of the country. Arguments 2. Yes, these taxes are NOT used for the goodwill of the nation.
A question is given followed by two arguments numbered I and II. you have to decide which of the arguments is a ‘strong’ argument. Question: Should the people of India pay taxes to the government? Arguments: I. Yes, taxes have to be paid to the government to run the country. II. No, taxes need not to be paid, as a person has to look after his/her needs first.
Consider the following statements about Central Board of Direct Taxes (CBDT). (a) The Central Board of Direct Taxes is a statutory authority functioning under the Central Board of Revenue Act, 1963. (b) It provides essential inputs for policy and planning of direct & Indirect taxes in India. (c) The CBDT is headed by CBDT Chairman and it comprises of seven members. (d) It is India’s official Financial Action Task Force unit. Which of the following statements are correct about CBDT? Select the correct answer using the code given below:
In April 2022, which bank has signed an MoU with the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) for the collection of taxes?
In the following sentence, a part of the sentence is underlined. Below are given alternatives to the underlined part, which may improve the sentence. Choose the correct alternative. In case no improvement is needed, choose the option ‘No improvement’. Due the advantages inherent in using sales taxes, it is not surprising that some believe that the economy should base the entire tax system on sales taxes rather than income taxes.
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : Let us increase the taxes to cover the deficit.

Assumptions :
I. The present taxes are very low.
II. Deficit in a budget is not desirable.
III. If the taxes are not increased, the deficit cannot be met.