15 questions
The instruments of State Intervention to help its producers are ………………………
Monetary Policy
Education Policy
Fiscal Policy
The Policy under which the government uses its expenditure and revenue programmes is known as ……………………………
Monetary Policy
Price Policy
Fiscal Policy
Taxes paid by those on whom they are legally imposed is called as ……………… Taxes.
Direct
Indirect
Taxes imposed on one person but paid partly or wholly by another is known as ……………… taxes.
Direct
Indirect
Income Tax is an example of ………………… taxes.
Direct
Indirect
Property Tax is an example of ……………… taxes.
Direct
Indirect
Sales tax is an example of ………………… taxes.
Direct
Indirect
CorporateTax is an example of ……………………taxes.
Direct
Indirect
When incomes are teamed at an uniform rate, it is known as ……………………………… tax.
Proportional
Progressive
Regressive
Degressive.
When the rate of tax increases with the increase in the taxpayer’s income, it is known as ………………… tax.
Progressive
Proportional
Regressive
Degressive
When the rate of tax decreases as the income of the taxpayer increases, it is known as …………………………… tax.
Proportional
Progressive
Regressive
Degressive
When the rate of tax increases up to a certain limit and thereafter a uniform rate is charged, it is known as ……………………… tax.
Proportional
Progressive
Regressive
Degressive
Taxation Policy and Expenditure policy are instruments of …………………… Policy.
Fiscal Policy
Monetary Policy
Price policy
When the tax rate is represented in a horizontal line graphically, it refers to …………………………… tax.
Proportional
Progressive
Degressive
Regressive
When the tax rate is represented graphically by a downward sloping line, the tax system is known as …………………………… tax.
Proportional
Progressive
Regressive
Degressive