List of top Economics Questions on Tax asked in CUET (PG)

The direct tax to GDP ratio in India for the year 2022-23 is:
Given below are two statements:
Statement I: Agricultural income is totally exempted, provided it falls with in the definition of agricultural income given under section 2 (1A). Statement II: Any sum received by an individual as a member of a Hindu Undivided Family, shall be taxable in the hands of the member.
In the light of the above statements, choose the correct answer from the options given below:
Match List I with List II
LIST I LIST II
A.The value as determined by the municipal authorities 
for levying municipal taxes on house property		I.Expected Rent
B.The rent which a similar property can fetch 
in the same or similar locality if it is let for a year		II.Fair Rent
C.The rent which is fixed under the Rent Control ActIII.Standard Rent
D.Higher of Municipal value or fair rent but limited to standard rentIV.Municipal value
Choose the most appropriate answer from the options given below:
Which of the following canons of taxation is also known as the 'principle of ability'?
The tax Rates in India is fixed by:
The Garran Tribunal was constituted during the colonial times to:
Consider a competitive market:
Suppose per unit commodity tax is imposed on the sellers, 
A. a tax on the commodity creates a wedge between the price the buyers pay and the price which sellers receive.
B. post tax equilibrium quantity increases.
C. if the supply is more elastic than demand then the tax burden falls more heavily on buyers.
D. if the demand is more elastic than supply then the tax burden falls more heavily on buyers. 
E. imposition of the tax creates dead weight loss. 
Choose the most appropriate answer from the options given below: