Q1. Excise duties are taxes on

Q2. Consider the following statements The tax havens are offshore countries that offer foreign individuals and businesses little or no tax liability The tax havens require residency or business presence for individuals and businesses to benefit from their tax policies The Standard for Automatic Exchange of Financial Account Information aims to increase the enforcement of offshore investment reporting Select the correct statement

Q3. Which of the following are the roles of Finance Commissions in India I To make recommendations on the distribution of tax proceeds between Centre and States II To make Recommendations on levying removing or restructuring of taxes III To recommend Grants in aid under Article 275 of the Constitution IV To recommend plan and other grants under Article 282 of the Constitution Codes

Q4. Consider the following statements regarding the Liberalised Authorised Economic Operator Package for MSMEs Scheme It is a voluntary compliance programme under the Central Board of Indirect Taxes Customs CBIC It enables swifter Customs clearance for accredited stakeholders Select the correct statement

Q5. The sales tax you pay while purchasing a toothpaste is a