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GS Paper IUPSC Prelims 2001
Fiscal Policy & Public Finance
Question No. 222Interactive Test Mode
00:00
+2-0.66

Q222. Consider the following taxes: 1. Corporation tax 2. Customs duty 3. Wealth tax 4. Excise duty Which of these is/are indirect taxes?

Consider the following taxes:

  1. Corporation tax
  2. Customs duty
  3. Wealth tax
  4. Excise duty Which of these is/are indirect taxes?
Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2001 • Indian Economy

Correct Answer: Option (B) — 2 and 4

Concept & Option Breakdown

Standard Reference Verified

Indirect taxes are taxes levied on the manufacture, sale, or consumption of goods and services, where the tax burden can be passed on to the final consumer:

  • Customs duty (2) and Excise duty (4) are indirect taxes.
  • Corporation tax (1) and Wealth tax (3) are direct taxes levied on the net profits of companies and the accumulated wealth of individuals/entities, respectively.
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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2001 (Q222)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Fiscal Policy & Public Finance
Official Answer KeyOption (B) — 2 and 4

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Frequently Asked Questions — UPSC Prelims 2001 Q222

What is the official answer for UPSC Prelims 2001 GS Paper I Question 222 (Indian Economy)?

The official UPSC answer key for this 2001 Indian Economy (Fiscal Policy & Public Finance) question is Option (B): "2 and 4". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2001 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Fiscal Policy & Public Finance". You can explore all repeated questions from Fiscal Policy & Public Finance in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Fiscal Policy & Public Finance UPSC Prelims question using option elimination?

To solve Fiscal Policy & Public Finance questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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