CUET-PG SERIES Economics
Tax
7 previous year questions.
Volume: 7 Ques
Yield: Medium
High-Yield Trend
1
2025 6
2023 Chapter Questions 7 MCQs
01
PYQ 2023
medium
economics ID: cuet-pg-
Given below are two statements:
Statement I: Agricultural income is totally exempted, provided it falls with in the definition of agricultural income given under section 2 (1A). Statement II: Any sum received by an individual as a member of a Hindu Undivided Family, shall be taxable in the hands of the member.
In the light of the above statements, choose the correct answer from the options given below:
Statement I: Agricultural income is totally exempted, provided it falls with in the definition of agricultural income given under section 2 (1A). Statement II: Any sum received by an individual as a member of a Hindu Undivided Family, shall be taxable in the hands of the member.
In the light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true
02
PYQ 2023
medium
economics ID: cuet-pg-
Match List I with List II
| LIST I | LIST II | ||
| A. | The value as determined by the municipal authorities for levying municipal taxes on house property | I. | Expected Rent |
| B. | The rent which a similar property can fetch in the same or similar locality if it is let for a year | II. | Fair Rent |
| C. | The rent which is fixed under the Rent Control Act | III. | Standard Rent |
| D. | Higher of Municipal value or fair rent but limited to standard rent | IV. | Municipal value |
Choose the most appropriate answer from the options given below:
1
A-I. B-III. C-II, D-IV
2
A-II. B-III, C-I, D-IV
3
A-IV, B-I, C-II, D-III
4
A-IV, B-II, C-III, D-I
03
PYQ 2023
medium
economics ID: cuet-pg-
Which of the following canons of taxation is also known as the 'principle of ability'?
1
Economy
2
Equity
3
Convenience
4
Certainty
04
PYQ 2023
medium
economics ID: cuet-pg-
The tax Rates in India is fixed by:
1
Annual finance Act
2
Annual Budget of central Government
3
The respective Act of Tax Laws
4
Special Resolution of legislative Assembly
05
PYQ 2023
medium
economics ID: cuet-pg-
Consider a competitive market:
Suppose per unit commodity tax is imposed on the sellers,
A. a tax on the commodity creates a wedge between the price the buyers pay and the price which sellers receive.
B. post tax equilibrium quantity increases.
C. if the supply is more elastic than demand then the tax burden falls more heavily on buyers.
D. if the demand is more elastic than supply then the tax burden falls more heavily on buyers.
E. imposition of the tax creates dead weight loss.
Choose the most appropriate answer from the options given below:
Suppose per unit commodity tax is imposed on the sellers,
A. a tax on the commodity creates a wedge between the price the buyers pay and the price which sellers receive.
B. post tax equilibrium quantity increases.
C. if the supply is more elastic than demand then the tax burden falls more heavily on buyers.
D. if the demand is more elastic than supply then the tax burden falls more heavily on buyers.
E. imposition of the tax creates dead weight loss.
Choose the most appropriate answer from the options given below:
1
A and C only
2
C and E only
3
A, C, E only
4
B and E only
06
PYQ 2023
medium
economics ID: cuet-pg-
The Garran Tribunal was constituted during the colonial times to:
1
discuss about the division of taxes between the provinces and centre in colonial India
2
discuss and decide about the division of financial responsibilities between India and Britain on military expenditure.
3
decide on the pricing of railway tariffs in colonial India
4
decide about the famine relief strategy in the background of the Great Bengal Famine
07
PYQ 2025
medium
economics ID: cuet-pg-
The direct tax to GDP ratio in India for the year 2022-23 is:
1
5.23
2
6.78
3
5.97
4
6.11