Which of the following is not an indirect tax?
Excise duty
Company tax
Import duty
Export duty
Sales tax
Correct answer is B
No explanation has been provided for this answer.
Usefulness
Power of satisfying a want
Beneficial
Advantageous
Consumable
Correct answer is B
Utility is an economic term referring to the total satisfaction received from consuming a good or service.
Dividing the labour into different categories
Splitting the process of production into different parts to be completed by each person
Dividing the goods and services into different sections
Assigning different duties to labourers
Group of labourers working in a factory or shop
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a direct tax?
Company income tax
Capital tax
Purchase tax
Personal income tax
Capital gain tax
Correct answer is C
No explanation has been provided for this answer.
There are restrictions in trade
There are no cost of transportations
There is perfect competition
There are no tariff or import and export quota
There are only two countries and only two commodities entering into international trade
Correct answer is A
No explanation has been provided for this answer.