Which of the following is a Direct Tax?
Options
AGST
BCustoms Duty
CIncome Tax
DExcise Duty
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Public FinancePYQ - Nov 2022 (Inter)Question 130 of 20
All Questions Correct Answer
✅ Option c — Income Tax
All Options:
- AGST
- BCustoms Duty
- CIncome Tax
- DExcise Duty
About This Chapter: Public Finance
Paper
Paper 4: Business Economics
Weightage
10%
Key Topics
Fiscal Policy, Budget, Market Failure
This chapter deals with government finances — how the government earns (taxation) and spends (expenditure) money. Key topics include Fiscal Policy, types of taxes (Direct and Indirect), the Union Budget, Public Debt, and the concept of Market Failure and how government intervention corrects it.
View Official ICAI SyllabusExam Strategy Tip
Focus on the difference between Revenue and Capital items in the budget. Understand Fiscal Deficit and its implications. Tax-related MCQs are commonly asked.
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