What meant by excise ?

Related Mcqs:

1. What is meant by excise?

   A. A tax levied on certain articles produced and consumed in a country
   B. A licensing charge or a fee levied for certain privileges
   C. Both of them
   D. None of them

2. What is meant by capital stock ___________?

   A. Authorized amount of stock for issue by corporation
   B. The total stated or par value of the permanently invested capital of corporation
   C. Both of them
   D. None of them

3. What is meant by an objective ?

   A. A policy
   B. A way of reaching a target
   C. A target
   D. A strategy

4. Term a tax or duty rebate on imported goods that are exported at a later date ?

   A. Duty
   B. Custom
   C. Rebut
   D. Drawback

5. What is write-Off?

   A. Charging an asset amount to expense of loss
   B. To forget
   C. To withdraw
   D. None of these

6. What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ?

   A. Domestication
   B. Protectionism
   C. Localization
   D. National interest

7. The term “Dumping” means ?

   A. The sale of the sub-standard commodity
   B. Sale in a foreign market of a commodity at a price below marginal cost
   C. Sale in a foreign market of a commodity just at marginal cost without too much of profit
   D. Smuggling of goods without paying any customs duty

8. National Income is essentially composed of ?

   A. All wealth of a nation
   B. Annual Income of the central government
   C. All income of the people on a year
   D. Income derived from taxes by the central government

9. An organization plans the use of its fund during a 12-month period. What is this period called ?

   A. Fiscal period
   B. Calendar year
   C. Year unit
   D. Fiscal year (FY)

10. Which term is used for an engagement in risky business with the idea of making a large profit in short time ?

    A. Idealism
    B. Blind game
    C. Speculation
    D. Risk covering