Budget and Tax

What type of tax is it when tax rate increases from 15% to 18% with an increase in the monthly income of a person from Tk.30000 to Tk.40000?-progressive
What type of tax is it called when tax rate decreases with an increase in income?-proportional
Which is the discussion issue of the public finance?-Govt. revenue and expenditure
What type of tax is it called when tax rate remains the same regardless of any increase or decrease in income?-proportional
What type of tax is it called when tax rate decreases from 20% to 15% with an increase in the monthly in come from Tk15000 to Tk 20000?-regressive
Which government agency is responsible for collecting taxes in Bangladesh?-Ministry of Finance
What are the characteristics of a private good?-rivalness and excludability
When tax rate increase with an increase in income, it is called---progressive tax
In an economy with a progressive tax system, there is an increase in before tax incomes. What will happen to after-tax incomes?-They will increase less than proportionately
What type of tax is pool tax?-direct tax
Which policy is most likely to result in a decrease in the natural rate of unemployment?-a decrease in the level of government payments to the unemployed
When was the largest budget in the history of Bangladesh announced?-June 11, 2009
Which is not a Wing of the National Board of Revenue(NRB)?-Banking
If it is impossible to shift the tax barden of others is called---direct tax
What is the rate of Value Added Tax (VAT) applicable in Bangladesh?-15%
Tax will be progressive if---tax rate increases with an increase in income
What type of tax is it called when tax rate on the poor is higher and tax rate on the rich is lower?-regressive
Which is not a tax?-excise duty
What is most likely to be increased by a policy of increased direct taxes and lower government spending?-the level of unemployment
The public sector includes---Government ownership of assete
Which policy is likely to reduce a balance of payments deficit without causing inflation?-a reduction in government spending
Which of the following elements of a tax and benefits system is regressive?-specific taxes on beer and tobacco
Which of the following is an appropriate government policy for closing deflationary gap?-an increase in government spending
When the provision of whitening black money in the national budget first introduced?-Fiscal year 1975-1976
What is likely to be the effect of an increase in the budget deficit?-an increase in effective demand
When a person has to face the burden of tax that has been imposed on him, it is called---direct tax
What is always a characteristic of a public goods?-The benefits it confers on consumers can extended to others at zero cost be
What is the aim of the public finance?-maximum social welfare
When a person can impose the burden of tax on others which was imposed on himself, it is called---indirect tax
In the following which is the correct? Govt.---earn according to expenditure
Which method of protection raises revenue for the government?-tariff
A government believes that consumers derive greater benefit from a good than consumers themselves realise. Which type of good does this define?-merit goods
Tax on domestic product is called to the---excise duty
Tax and subsidy are included in the which of policy of the government?-fiscal policy
Who is the chairman of NRB?-Dr. Nasiruddin Ahmed
If tax burden and incidence of tax bears the same person or institution is called---direct tax
Which of the following is not a tool for monetary control?-Moral suasion
Which policy measure would tend to reduce both the rate of inflation and a balance of payments deficit?-a reduction in government spending
What would cause the value of the accelerator to increase?-an increase in the capital-output ratio
Which of the following measure is specifically designed to reduce divergences between private and social cost?-the abolition of tuition fees paid by university students
Value-added tax (VAT) in Bangladesh was introduced on---1st June 1991
Which is the example of indirect tax?-all of these
Coutries experiencing global depression of the last year adopted:-Expansionary policy
Which method of financing government expenditure on higher education is most likely to result in an increase in the money supply?-selling government bonds to the central bank
What is likely to increase fiscal drag?-an increase in the rate of inflation
What type of tax is it called when tax rate on the rich is higher and tax rate on the poor is lower?-progressive
VAT stands for---Value Added Tax
Which of the following is a source of government revenue?-All of these
In which year the Value Added Tax system was introduced in Bangladesh?-1991
Which is the example of direct tax?-a and c both
Over which policy may country lose control, if it sets a fixed parity for its currency against other currencies?-monetary policy
What is the tax?-recreation tax
Which one of the following is an essential characteristic of a private good?-Consumption of the good by one user diminishes the quantity available to others