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6. Income tax is imposed and collected by:
(a) State Government.

(b) Union Government,
(c) Jointly State and Union Government.
(d) Loca] Government.
7. Finance Commission has to make recommendations on financial matters to :
(a) Finance Minister. (b) Prime Minister.
(c) President. (d) Vice-President.
8. Indirect taxes are generally :
(a) Progressive. (b) Regressive.
(c) Proportionate. (d) Constant.
9. Principle of income tax is based on :

(a) Natural Justice. (b) Benefit.

(c) Propriety. (d) Ability to pay.
10. Which of the following is NOT a recognized GST rate ?

(a) 8 per cent. (b) 12 per cent.

(c) 18 per cent. (d) 28 per cent.

11. Ifa tax on all incomes is levied at the same rate, it is called :

(a) Proportional tax. (b) Progressive tax.

(c) Regressive tax. (d) None of the above,

12. Find the odd one:

(8) Income tax. (b) Security Transaction tax.

(c) Corporate Income tax. (d) Profession tax.

(12 x % = 6 marks)