31. Which of the following taxes are levied and collected by the Centre but their net proceeds are wholly transferred to States?

1. 1. Expenditure Tax and Gift Tax

   
   
   

   2. Additional Duties of Excise in lieu of Sales Tax

   
   
   

   3. Stamps and Registration

   
   
   

   4. Taxes on Advertisements

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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32. Which one of the following is NOT an example of Indirect Tax?

1. 1. Sales tax

   
   
   

   2. Excise duty

   
   
   

   3. Custom duty

   
   
   

   4. Expenditure tax

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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33. MODVAT is related to

1. 1. Sales Tax

   
   
   

   2. wealth Tax

   
   
   

   3. Income Tax

   
   
   

   4. Excise Duty

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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34. Economic Planning is in

1. 1. Union List

   
   
   

   2. State List

   
   
   

   3. Concurrent List

   
   
   

   4. not any specific list

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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35. Which among the following is the exclusive jurisdiction of the State Government?

1. 1. Corporation Tax

   
   
   

   2. Custom Duty

   
   
   

   3. Sales Tax

   
   
   

   4. Income Tax

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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