Sales tax and excise duty are:
Sales tax and excise duty are:
direct tax | |
proportional tax | |
progressive tax | |
direct tax |
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Wealth tax, income tax, property tax etc. are:
Wealth tax, income tax, property tax etc. are:
direct tax | |
proportional tax | |
progressive tax | |
indirect tax |
Income tax becomes a cause of:
Income tax becomes a cause of:
change in prices | |
decrease in prices | |
stability of prices | |
increase in prices |
Which one of the following is direct tax:
Which one of the following is direct tax:
import duty | |
sales tax | |
income tax | |
export duty |
If the rate of tax increases with the increase of level of i
If the rate of tax increases with the increase of level of income, it is called:
proportional tax | |
value added tax | |
progressive tax | |
regressive tax |
It the rate of tax does not change with decrease or increase
It the rate of tax does not change with decrease or increase in the level of income, it is called:
proportional tax | |
progressive tax | |
regressive tax | |
value added tax |
One of the following is not included in the sources of publi
One of the following is not included in the sources of public revenue:
Fines | |
Tax | |
Fee | |
Defence |
Which one of the following public expenditures is related to
Which one of the following public expenditures is related to transport:
public education | |
Railway | |
Police | |
Defence |
The canons of taxation laid down by Adam smith are:
The canons of taxation laid down by Adam smith are:
2 | |
3 | |
4 | |
1 |
Who stated the canons of taxation first:
Who stated the canons of taxation first:
Robbins | |
Keynes | |
Pigou | |
Adam Smith |
One of the following is not included in the public expenditu
One of the following is not included in the public expenditure:
fee | |
defence | |
public administration | |
courts |
Government estimates its income and expenditures:
Government estimates its income and expenditures:
Annually | |
Three monthly | |
Six monthly | |
Monthly |
The cost of collecting taxes should be kept as low as possib
The cost of collecting taxes should be kept as low as possible, it is according to:
Canon of equality | |
Canon of productivity | |
Canon of economy | |
Canon of elasticity |
If the income and expenditures of the government is equal, t
If the income and expenditures of the government is equal, the budget is called:
Private budget | |
Balanced budget | |
Deficit budget | |
Surplus budget |
If income of government is more than its expenditure, then i
If income of government is more than its expenditure, then it is a:
Development budget | |
Development budget | |
Development budget | |
Development budget |
The base of international trade theory of David Recardo is:
The base of international trade theory of David Recardo is:
low cost | |
comparative cost | |
cheaper cost | |
absolute advantage theory |
According to comparative cost theory, in between how many co
According to comparative cost theory, in between how many countries international trade take place:
two | |
many | |
three | |
four |
Because of devaluation of currency of a country, its exports
Because of devaluation of currency of a country, its exports:
increase | |
decrease | |
go on changing | |
remains constant |
Balance of payment of a country is unfavourable when its:
Balance of payment of a country is unfavourable when its:
none of the three | |
receipts are less than payments | |
receipts are equal to payments | |
receipts are more than payments |
Balance of payment of a country is favourable when its:
Balance of payment of a country is favourable when its:
receipts are more than payments | |
none of the three | |
receipts are lesser than payments | |
receipts are equal to payments |