Preference

Question: In the following which is the correct? Govt.--

  1. a.
    spend according to income
  2. b.
    earn according to expenditure
  3. c.
    preserve the secrefy of revenue and expenditure
  4. d.
    maintain the equi-marginal utility
  5. e.
    None of these
Answer: b

Question: Which of the following is not a tool for monetary control?

  1. a.
    Discount rate
  2. b.
    Raquired service
  3. c.
    Open market operation
  4. d.
    Moral suasion
  5. e.
    Corporate taxation
Answer: d

Question: Which is the example of indirect tax?

  1. a.
    VAT
  2. b.
    excise duty
  3. c.
    recreation tax
  4. d.
    all of these
  5. e.
    none of these
Answer: d

Question: What is likely to increase fiscal drag?

  1. a.
    an increase in the rate of inflation
  2. b.
    a switch from direct to indirect taxes
  3. c.
    the indexation of income tax allowances
  4. d.
    a negative rate of economic growth
  5. e.
    none of these
Answer: a

Question: Which method of protection raises revenue for the government?

  1. a.
    quota
  2. b.
    tariff
  3. c.
    domestic subsidies
  4. d.
    embargo
  5. e.
    None of these
Answer: b

Question: Tax and subsidy are included in the which of policy of the government?

  1. a.
    taxation policy
  2. b.
    trade policy
  3. c.
    fiscal policy
  4. d.
    all of these
  5. e.
    none of these
Answer: c

Question: When was the largest budget in the history of Bangladesh announced?

  1. a.
    May 11, 2009
  2. b.
    June 11, 2009
  3. c.
    July 9, 2009
  4. d.
    July 11, 2009
  5. e.
    None of them
Answer: b

Question: Tax will be progressive if--

  1. a.
    tax increases with an increase in income
  2. b.
    tax decreases with a decrease in income
  3. c.
    tax rate remains the same with an increase in income
  4. d.
    tax rate increases with an increase in income
  5. e.
    none of these
Answer: d

Question: If it is impossible to shift the tax barden of others is called--

  1. a.
    indirect tax
  2. b.
    direct tax
  3. c.
    progressive tax
  4. d.
    regressive tax
  5. e.
    none of them
Answer: b

Question: What is the rate of Value Added Tax (VAT) applicable in Bangladesh?

  1. a.
    7.5%
  2. b.
    10%
  3. c.
    12.5%
  4. d.
    15%
  5. e.
    None
Answer: d

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