Which tax is levied on luxury goods?

Which tax is levied on luxury goods?

  • Correct Answer: Excise Duty
  • GST
  • Income Tax
  • Corporate Tax

Explanation: Excise Duty is often applied to luxury goods, now largely under GST.

More Random Questions

Q: Vardhamana pippali rasayanam is indicated in which disease:
Ans: All of these
Q: Which river is the second longest globally?
Ans: Amazon
Q: Bilateral exercise 'Agniwarrior 2024' started between India and which country?
Ans: Singapore
Q: What does a yellow circle with a black number indicate?
Ans: Speed limit
Q: What did the Rowlatt Act (1919) allow?
Ans: Detention without trial
Q: The burning of fossil fuels has increased which effect?
Ans: greenhouse effect
Q: Wave cut platforms are level areas formed by what?
Ans: wave erosion
Q: What was a key factor in market volatility in March 2025?
Ans: Reduced tariffs
Q: Where was the 11th summit of the D-8 Economic Cooperation Organization held?
Ans: Egypt
Q: Who won the 56th National Kho-Kho Championship on April 2, 2024?
Ans: Maharashtra
Q: Which fluid is used in a vehicle’s brake system?
Ans: Brake fluid
Q: Which country has signed an agreement with the US to buy F-16 fighter aircraft on June 16, 2024?
Ans: Turkey
Q: How should a driver check the tire tread depth?
Ans: Use a tread depth gauge
Q: Who became the first player to score 5000 runs in the World Test Championship on October 9, 2024?
Ans: Joe Root
Q: A lumbar air study reveals a spinal arteriovenous malformation. Which advanced procedure is indicated?
Ans: Endovascular embolization
Youngistan Junction
Youngistan Junction

Welcome to Youngistan Junction, your ultimate hub for staying updated with the latest in current affairs, general knowledge, and general studies! Whether you're a student gearing up for exams or just someone passionate about expanding your knowledge, Youngistan Junction is here to provide you with an extensive collection of well-curated questions and answers.

Articles: 6683