Question : Taxes are as certain as death because
Option 1: They constitute the major source of government revenue
Option 2: The government have no other source of revenue
Option 3: Most Public sector undertakings (PSUs) are run inefficiently
Option 4: The government has its budget constraints
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Correct Answer: They constitute the major source of government revenue
Solution : The correct answer is They constitute the major source of government revenue.
Taxation is an unavoidable feature of every contemporary society. Governments require taxation to fund essential public services, maintain infrastructure, and sustain social programs. These critical services would not be available without taxes. Taxation is another tool to redistribute wealth and alleviate inequality. Governments may help the poor and middle class by taxing the affluent and businesses more heavily.
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Question : The dividends received by the government from Public Sector Undertakings (PSUs) are ________.
Option 1: capital expenditure
Option 2: capital receipts
Option 3: non-tax revenue receipts
Option 4: tax revenue receipts
Question : Revenue expenditure minus revenue receipts is____________.
Option 1: revenue deficit
Option 2: budget deficit
Option 3: always negative
Option 4: always positive
Question : Proportional taxes would help to reduce the autonomous expenditure multiplier because ________.
Option 1: taxes increase the MPC
Option 2: MPC does not have any role in it
Option 3: taxes and MPC become equal
Option 4: taxes reduce the MPC
Question : Which one of the following is not included in current revenue of the union government ?
Option 1: Tax revenue
Option 2: non tax revenue
Option 3: Loans
Option 4: Interest payments
Question : Directions: In a certain code language, WOULD + ALL is coded as 8, and MAJOR + EXAMS is coded as 10. What is the code for COMMON + NOW in that code language?
Option 1: 2
Option 2: 5
Option 3: 9
Option 4: 6
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