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Question

Tax on inheritance is called ____________.

This question was previously asked in
SSC CGL 2016 (Tier 1) Previous Year Question Paper (11-Sep-2016) (Shift 2)
The correct answer is

Estate duty

Estate duty is a tax levied on the total value of the money and property of a person who has died. It is commonly referred to as inheritance tax in many countries.

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Important Questions from Business and Economy

  1. To which Japanese automobile company, India has become the top global market both in terms of volumes as well as revenues?

  2. Which among the following industries generates invisible exports?

  3. In Union Budget 2019, the government eased ______ to encourage start-ups in the country.

  4. With reference to the characteristics of a perfectly competitive market, which of the following statements is correct?

    ।. There are a large number of buyers and sellers in the market.

    II. Firms have free entry and exit in the market.

  5. Which of the following is an example of an indirect tax?

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