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: Who has topped the Haroon Global Unicorn Index 2024?
Ans: USA
Ans: USA
Q: Who launched the "Humsafar Policy" in New Delhi?
Ans: Nitin Gadkari
Ans: Nitin Gadkari
Q: What is the function of the differential in a vehicle?
Ans: Distributes power to wheels
Ans: Distributes power to wheels
Q: What percentage of the field is tilled in traditional plowing?
Ans: 75%
Ans: 75%
Q: What is the minimum age for a two-wheeler learner’s license (below 50cc)?
Ans: 16
Ans: 16
Q: Which country has become India's largest trading partner in FY24?
Ans: China
Ans: China
Q: Who has been appointed as the head of the GST Appellate Tribunal on May 4, 2024?
Ans: Sanjay Mishra
Ans: Sanjay Mishra
Q: Individual particles of a substance in what state are in fixed positions with respect to each other because there is not enough thermal energy to overcome the intermolecular interactions between the particles?
Ans: solid
Ans: solid
Q: When we were dealing with electrical effects, it was very useful to speak of an electric field that surrounded what?
Ans: sunlight charge
Ans: sunlight charge
Q: What is the maximum speed limit for cars in residential areas under the MV Act?
Ans: 40 km/h
Ans: 40 km/h
Q: Ac is better than dc for doing what?
Ans: stopping electrical ebergy
Ans: stopping electrical ebergy
Q: Which river originates in the Tibetan Plateau?
Ans: Indus
Ans: Indus
Q: What is the second largest class of elements?
Ans: metalloids
Ans: metalloids
Q: When was the Unified Payments Interface (UPI) launched?
Ans: 2016
Ans: 2016
Q: Who has passed its first comprehensive climate change law on July 26, 2024?
Ans: South Africa
Ans: South Africa
