Quiz 354: Macroeconomics: Questions on Some Basic Concepts

Watch Video Here

1. legal description of the object with reference to which the tax applies is known as _______ ?
[A] Direct Tax
[B] Indirect Tax
[C] Base of Tax
[D] Elasticity of Tax

Show Answer

2. Which among the following is the correct definition of Real Burden of Tax
[A] The reduction in the disposable income to the tax payers
[B] Amount of tax being paid by the taxpayers to the authorities
[C] Additional expenses incurred by the taxpayers, in addition to the amount paid to the authorities
[D] The Loss of the welfare to the taxpayers and the community as a whole

Show Answer

3. Which among the following is not a source of tax revenue?
[A] Export duties
[B] Stamp Fees
[C] Registration Fees
[D] Dividends of Public sector enterprises

Show Answer

4. In a progressive tax , the following statements holds true:
[A] Yield from Income tax increases as the national income increases.
[B] Yield from income tax decreases as the national income increases
[C] Yield from income tax does not alter as the national income increases
[D] Yield from income tax may increase or decrease as the national income increases

Show Answer

5. Robin Hood effect is related to which of the following?
[A] Income and consumption
[B] Income generation
[C] Income redistribution
[D] Proportional tax

Show Answer

6. Progressive Taxation is most closely associated to the base which the tax proposals are generally developed is ______?
[A] Expediency Theory
[B] Cost of service approach
[C] Ability to pay approach
[D] Concentration approach

Show Answer

7. Which among the following does not go with Progressive taxation?
[A] ability to pay
[B] administrative convenience
[C] in built stabilizer
[D] will to work and save

Show Answer

8. A good that is non-rivalries and non-excludable, and whose benefits can not be prices and therefore to which the principle of exclusion does not apply comes under the following heading?
[A] Pure Private Goods
[B] Pure Public Goods
[C] Pure Free Goods
[D] Pure Market Goods

Show Answer

9. With which of the following, Public Finance does not deal with ?
[A] Public Revenue
[B] Public Expenditure
[C] Money Supply
[D] Financial Administration

Show Answer

10. Which among the following does not come under Land Resources:
[A] Fertility of Land
[B] Location of Land
[C] Composition of Land
[D] all of the above are land resources

Show Answer

Comments

  • Anonymous
    Reply

    thank u sirjee……..

  • KUMAR
    Reply

    Thanks for posting quiz on ECONOMICS hoping for more on it

  • Anonymous
    Reply

    good

  • Anonymous
    Reply

    Very nice!

  • eezma
    Reply

    quite informative