Tax and its importance

Create an informative and engaging illustration depicting a diverse group of people discussing tax concepts, with elements like tax forms, calculators, and the GST logo in the background.

Master Your Tax Knowledge

Are you ready to deepen your understanding of taxes and their significance? This engaging quiz will test your knowledge on various aspects of taxation, including definitions, types, and principles of indirect and direct taxes.

  • 7 thought-provoking questions
  • Multiple choice and checkbox formats
  • Immediate score feedback
7 Questions2 MinutesCreated by LearningTax101
Taxes are ______ payment.
Compulsory
Voluntary
A & b
Income tax is a
Direct tax
Degressive tax
Indirect tax
Indirect tax is ______ elastic.
More
Less
Which one of the following is not a indirect tax?
Estate duty
Service tax
Excise duty
Which one of the following tax is a direct tax?
Wealth tax
Progressive tax
GST stands for
Goods and Service Tax
Global service tax
Paying tax is our duty
False
True
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