Preference

Question: What type of tax is it called when tax rate remains the same regardless of any increase or decrease in income?

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

Question: Which policy is likely to reduce a balance of payments deficit without causing inflation?

  1. a.
    a reduction in government spending
  2. b.
    a devaluation of the exchange rate
  3. c.
    an increase in import tariffs
  4. d.
    an increase in indirect taxes
  5. e.
    None of the above
Answer: a

Question: Coutries experiencing global depression of the last year adopted:

  1. a.
    Protection policy
  2. b.
    Expansionary policy
  3. c.
    Contraction policy
  4. d.
    Non discriminatory policy
Answer: b

Question: Tax on domestic product is called to the--

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

Question: If tax burden and incidence of tax bears the same person or institution is called--

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

Events

Loading....

Loading....

Loading....

Share our page