Question : In which type of tax is the marginal tax rate higher than the average tax rate?

Option 1: Digressive

Option 2: Proportional

Option 3: Regressive

Option 4: Progressive

Question : The consumer gets maximum satisfaction at the point where:

Option 1: Marginal utility = Price

Option 2: Marginal utility > Price

Option 3: Marginal utility < Price

Option 4: Marginal cost = Price

Question : Which of the following is not true when the interest rate in the economy goes up?

Option 1: Saving increases

Option 2: Lending decreases

Option 3: Cost of production increases

Option 4: Return on capital increases

Question : If the annual rate of simple interest increases from $11\%$ to $17 \frac{1}{2} \%$, then a person's yearly income increases by INR 1,071.20. The simple interest (in INR) on the same sum at 10% for 5 years is:

Option 1: 16,480

Option 2: 9,120

Option 3: 8,240

Option 4: 7,250

Question : A man spends $\frac{2}{3} $rd of his income. If his income increases by 14% and the expenditure increases by 20%, then the percentage increase in his savings will be?

Option 1: 6%

Option 2: 2%

Option 3: 4%

Option 4: 1%