Preference

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 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: Which of the following is a source of government revenue?

  1. a.
    Corporate tax
  2. b.
    VAT
  3. c.
    Custom Duty
  4. d.
    All of these
  5. e.
    None of these
Answer: d

Question: Which policy is most likely to result in a decrease in the natural rate of unemployment?

  1. a.
    an increase in trade union membership
  2. b.
    a decrease in the level of government payments to the unemployed
  3. c.
    a reduction in interest rates
  4. d.
    an increase in government expenditure on goods and service
  5. e.
    None of these
Answer: b

Question: A government believes that consumers derive greater benefit from a good than consumers themselves realise. Which type of good does this define?

  1. a.
    inferior goods
  2. b.
    merit goods
  3. c.
    private goods
  4. d.
    superior goods
  5. e.
    None of the above
Answer: b

Question: Which one of the following is an essential characteristic of a private good?

  1. a.
    It is produced by the private sector
  2. b.
    The user has to pay for it
  3. c.
    Consumption of the good by the user has no external effects on the consumption or productivity of others
  4. d.
    Consumption of the good by one user diminishes the quantity available to others
  5. e.
    None of these
Answer: d

Question: What type of tax is pool tax?

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

Question: In which year the Value Added Tax system was introduced in Bangladesh?

  1. a.
    1991
  2. b.
    1990
  3. c.
    1992
  4. d.
    1980
  5. e.
    None of these
Answer: a

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