The largest part of the revenue of a country is derived from
Direct taxation
Indirect taxation
Excise duties
Company taxes
Non-tax revenue
Correct answer is B
No explanation has been provided for this answer.
Proportional tax is a tax whose
Percentage rate remains constant as the tax base increases
Percentage base increases as the tax base increases
Percentage rate decreases as the tax rate increases
Percentage rate fluctuates as the tax base increases
Burden falls heavily on consumer
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not function of central bank
Banker to the Government
Banker's bank
Acceptance of deposit from the public
Responsibility for monetary policy
Lenders of last resort
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a negative effect of inflation
Lenders earn less
Pensioneers and salary earners on fixed income suffer
Exports tends to decline
Savings are discouraged
Borrowers tends to gain
Correct answer is E
No explanation has been provided for this answer.
Which of the following is not characteristics of a perfect competition?
Many sellers and buyers are in the market
There is perfect knowledge of the market situation
Supply and demand are equal
There is no discrimination
Products are identical
Correct answer is C
No explanation has been provided for this answer.