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Which of the following is not a direct tax? - Economics

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Question

Which of the following is not a direct tax?

Options

  • corporate tax

  • GST

  • income tax

  • wealth tax

MCQ
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Solution

GST

Explanation:

  • GST (Goods and Services Tax) is an indirect tax because it is collected from the consumer by the seller and then paid to the government.
  • In contrast, corporate tax, income tax, and wealth tax are direct taxes paid directly by individuals or entities to the government.
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Chapter 16: Fiscal Policy - TEST YOURSELF QUESTIONS [Page 324]

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Frank Economics [English] Class 12 ISC
Chapter 16 Fiscal Policy
TEST YOURSELF QUESTIONS | Q 2. | Page 324
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