Taxes in India : 2015-16

1) What is the tax-to-GDP ratio in India?

a) 18%
b) 51%
c) 10%
c) 33%

2) According to the 2015-16 provisional data, direct taxes form what percentage of total taxes in India?

a) 60%
b) 54.2%
c) 51%
d) 49%

3) Which one of the following statements is correct?

a) Nominal GDP has increased by 8.2% in 2015-16.
b) Direct taxes have increased by 31% in 2015-16.
c) Indirect taxes have increased by 6.2% in 2015-16.
d) All of the above.

4) Individual tax assesses in India form what percentage of estimated adult population of 800 million?

a) 3%
b) 10%
c) 33%
d) 6%

Answers:

1) a
2) c
3) a , Direct taxes have increased by 6.2% in 2015-16 and Indirect taxes have increased by 31% in 2015-16.
4) d