HomeTestsSearchRankProfile

Taxation Questions

Practice 52 Taxation questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

📚
52
Total Questions
🟢
3
Easy
🟡
48
Medium
🔴
1
Hard
Practice by Exam:General Knowledge(12)Economics(10)General Studies(9)Economy(6)General Awareness(4)Indian Economy(4)Indian Polity(2)Indian Polity & Economy(2)

About Taxation — practice questions, PYQs & concepts

Taxation is a frequently-tested topic on General Knowledge, Economics, General Studies. ExamTest.live currently lists 52 Taxation questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Taxation weight in competitive exams

Across our Taxation question bank, the largest sources are General Knowledge (12), Economics (10), General Studies (9), Economy (6) and General Awareness (4). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 3 easy Taxation questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Taxation Questions(1–52 of 52)

Filter:
Q1mediummcqGeneral StudiesPractice Test2026
0% accuracy
What is the highest GST rate levied on white goods?
Q2mediummcqGeneral StudiesCompetitive Exam2026
0% accuracy
Who is known as the father of GST in India?
Q3mediummcqEconomicsSSC General Awareness2026
0% accuracy
Customs duty is an instrument of which of the following government policies?
Q4mediummcqEconomicsSSC GD2026
0% accuracy
The Goods and Services Tax allowed India to become:
Q5mediummcqEconomicsCompetitive Exams2026
0% accuracy
What is the full form of PAN?
Q6mediummcqEconomicsCompetitive Exams2026
0% accuracy
Which is historically the most important source of own revenue for the States in India?
Q7mediummcqEconomicsCompetitive Exams2026
0% accuracy
What has been the trend of the share of direct taxes in India after the economic reforms?
Q8mediummcqGeneral KnowledgeCompetitive Exam2026
0% accuracy
In terms of economy, what is the full form of ITC as requested in image_66d9ce.jpg?
Q9mediummcqGeneral KnowledgeCompetitive Exam2026
0% accuracy
National Highways Act, 1956 is applied to which tax policy as presented in image_66da05.jpg?
Q10mediummcqGeneral AwarenessSSC Selection Post 2021 Question Paper (09-Feb-2022) (Shift-1)2026
0% accuracy
A PAN card issued by the Income Tax Department of India bears an alphanumeric code of how many characters?
Q11mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
In which state was service tax traditionally not applicable under special provisions before structural shifts?
Q12mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Which of the following is excluded from the purview of GST in India?
Q13mediummcqEconomicsCompetitive Exam Mock2026
0% accuracy
The tax imposed on import and export of commodity is known as
Q14mediummcqIndian PolityWBCS Prelims2026
0% accuracy
Which of the following taxes is within the Jurisdiction of the Central Government?
Q15mediummcqEconomyMock Test2026
0% accuracy
Which SAC (Services Accounting Code) is used for advertising services, including social media promotions, under GST in India?
Q16mediummcqGeneral KnowledgeUP Police Constable2026
Which of the following taxes (a state tax) was subsumed in GST?
Q17mediummcqGeneral KnowledgeCompetitive Exam2026
Who is widely referred to as the father of GST (Goods and Services Tax) in India?
Q18mediummcqGeneral KnowledgeUP Police Constable2026
SAC code consists of _________ digits.
Q19mediummcqGeneral KnowledgeUP Police Constable2026
The identification number given to every registered supplier is _________.
Q20mediummcqEconomicsGovernment Exams2026
In terms of economy, what is the full form of ITC?
Q21mediummcqGeneral KnowledgePractice Test2026
In which year was Value Added Tax (VAT) introduced at the State level in India?
Q22mediummcqIndian EconomyWBCS Prelims2026
In India, non-agricultural income tax is:
Q23mediummcqIndian Polity & EconomyIndian Competitive Exams2026
Consider the following statements and identify the correct one(s):
(i) The Central Government does not have exclusive power to impose a tax which is not mentioned in either the State list or the Concurrent list.
(ii) The Constitution also provides for transferring certain tax revenues from the Union list to the States.
Q24mediummcqEconomicsIndian Competitive Exams2026
The Laffer curve is the graphical representation of
Q25mediummcqIndian Polity & EconomyIndian Competitive Exams2026
Under the old indirect tax regime, Service Tax was historically not levied in which of the following states due to special constitutional exceptions?
Q26mediummcqEconomyRevenue Documentation2026
PAN stands for
Q27mediummcqIndian EconomyCompetitive Exams2026
Consider the statements about GST:
(i) Both Central and State taxes will be collected at the point of sale.
(ii) The Central and State GST will be charged on the manufacturing cost.
Which of the above statements is/are correct?
A) (i) only
B) (ii) only
C) both (i) and (ii)
D) None of the above
Q28mediummcqPolityIndian Competitive Exams2026
The 101st Amendment of the Indian Constitution is related to
Q29mediummcqEconomyIndian Economic Development2026
Share of direct taxes in India in post economic reform is
Q30mediummcqEconomyGeneral Studies2026
Which is the Direct Tax in India?
Q31mediummcqGeneral KnowledgePractice Test2026
Which tax replaced multiple indirect taxes in India?
Q32easymcqGeneral StudiesAdda2472026
What is the GST rate on mobile phones in India?
Q33easymcqGeneral KnowledgeCompetitive Exam2026
What is the GST rate for necessary items like milk products, bread, etc.?
Q34easymcqGeneral KnowledgeCompetitive Exam2026
Which of the following type of tax is submitted in Indian GST?
Q35mediummcqGeneral AwarenessUP Police Constable2026
Full-fledged GST was recommended by ______.
Q36mediummcqEconomySSC CGL2026
Which ITNS (Income Tax New Series) challan is used by Indian taxpayers to deposit the tax collected at source?
Q37mediummcqGeneral AwarenessIndian Competitive Exams2026
If the recipient of Employee provident Fund (EPF) withdrawal does not provide his PAN, TDS on the withdrawal will be _________, instead of the maximum marginal rate as per new budget of 2023.
Q38mediummcqEconomicsGeneral Knowledge Studies2026
Sugam Tax is related to:
Q39mediummcqHistoryGeneral Knowledge Studies2026
Jizya Tax, during the Mughal Empire was a tax levied on:
Q40mediummcqGeneral StudiesPractice Test2026
The idea of a nationwide GST in India was first proposed by the _______ on Indirect Taxes in 2000.
Q41mediummcqCivics and PolityPractice Test2026
The Constitution ( Amendment) Bill related to GST was introduced in which year?
Q42hardmcqEconomicsIndian Competitive Exams2026
What is the impact of proportional taxes?
Q43mediummcqGeneral AwarenessPractice Test2026
As of October 2025, what is the highest GST slab rate in India, as decided by the GST Council?
Q44mediummcqEconomySSC CGL2026
When was the Union Territory Goods and Services Tax Act passed?
Q45mediummcqGeneral KnowledgeCompetitive Exam2026
What is the GST rate applicable on mobile phones in India?
Q46mediummcqGeneral KnowledgeCompetitive Exam2026
How many members are there in the GST Council?
Q47mediummcqIndian PolitySSC CGL2026
The Taxation Laws (Amendment) Act, 2021, amends the Income Tax Act of ______.
Q48mediummcqGeneral StudiesUP Police Assistant Operator Exam2026
Which of the following is NOT a valid type of GST implemented in India?
Q49mediummcqGeneral StudiesUP Police Assistant Operator Exam2026
Which of the following taxes is NOT levied by the Central Government of India?
Q50mediummcqGeneral StudiesCompetitive Exam2026
What does "I" in IGST stand for?
Q51mediummcqIndian EconomyPractice Paper2026
Central Excise Duty rates were increased from 12.36% to:
Q52mediummcqIndian EconomyPractice Paper2026
What does "I" in IGST stand for?

Frequently Asked Questions

How many Taxation questions are on ExamTest.live?▼
We have 52 Taxation questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Taxation MCQs free?▼
Yes. All Taxation questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Taxation questions?▼
Taxation questions are commonly asked in General Knowledge, Economics, General Studies, Economy, General Awareness. You can filter by exam using the links above.
How do I practice Taxation questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.