121.
Which one of the following is a tax base
A
Income
B
utility
C
Intelligence
D
No of these
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180 practice sets · Page 7 of 9
Which one of the following is a tax base
Income
utility
Intelligence
No of these
Which of the following taxes is the most likely to be regressive?
Sales tax on mobile phone
Excise duties on Kerosene
Import duties on electronic goods
Entrainment tax
Which of the following is the major source of revenue in India
Direct tax
Capital Levy
Grants in aid
Indirect tax
Which of the following is not a Commodity Tax
Excise duty
Customs Duty
Coporation Tax
Octroi
Which of the following is a Statutory Body?
Finance Commission
Planning Commission
State Planning Board
None of these
Which is the tax shifting
To bear the tax burden himself
to shift the tax burden on others
to bear some part of the tax himself and shift the rest on others
none of these
Which is the method of financial adjustment between Centre and States?
Tax sharing
Grant-in-aid
Public debt
Federal Finance
Which is the main point on the basis of which public finance can be separated from private finance
Price policy
Borrowings
Secrecy
Elasticity in income
Which is the main objective of a tax
Increase in consumption
increase in production
Raising public revenue
reduction in capital formation
When the government raises revenue by borrowing from within the country is known as
Voluntary debt
compulsory Debt
internal debt
external debt
When individuals with unequal tax paying ability should be taxed unequally in order to equal sacrifice is called
Horizontal equity
Vertical Equity
Tax paying ability
None of these
When expenditure exceeds total tax revenue, it is called
Surplus budget
Balanced budget
Deficit budget
None of these
When Esis greater than Ed, more incidence is on
Buyers
Sellers
Govt.
none of these
When Es=infinity or Ed=0, the whole incidence is on
Buyers
Sellers
Govt.
none of these
When Ed=infinity or Es=0, the whole incidence is on
Buyers
Sellers
Govt.
none of these
When Ed=Es, the burden is divided between
Buyers
Sellers
both a & b
Govt.
When Ed is greater than Es, more incidence is on
Govt.
none of these
Buyers
Sellers
Wagners Law is related to
Public debt
Budget
Public revenue
Public expenditure
Unfunded debts are also known as
Irredeemable debts
None
Funded debts
Floating debts
Unemployment insurance is an example of
Discretionary Action
none of these
Built in flexibility
Formula Flexibility