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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: 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 type of tax is it called when tax rate on the poor is higher and tax rate on the rich is lower?

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

Question: What type of tax is it called when tax rate on the rich is higher and tax rate on the poor is lower?

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

Question: When tax rate increase with an increase in income, it is called--

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

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

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

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