Question : Redistribution of income in a country can be brought about through

Option 1: progressive taxation combined with progressive expenditure

Option 2: progressive taxation combined with regressive expenditure

Option 3: regressive taxation combined with regressive expenditure

Option 4: regressive taxation combined with progressive expenditure

Question : Which type of tax acts as an automatic stabiliser in the economy?

Option 1: Professional tax

Option 2: Wealth tax

Option 3: Capital gains tax

Option 4: Proportional income tax

Question : The ratio between monthly income and expenditure of Vaidic is 8 : 5. If his income increases by 20% and his expenditure increases by 30%, then find the percentage increase or decrease in his monthly savings.

Option 1: $5 \frac{2}{3}$% increase

Option 2: $5 \frac{2}{3}$% decrease

Option 3: $3 \frac{1}{3}$% increase

Option 4: $3 \frac{1}{3}$% decrease

Question : When demand for a good increases with an increase in income, such a good is called 

Option 1: superior good 

Option 2: giffin good 

Option 3: inferior good 

Option 4: normal good 

Question : Tax on inheritance is called

Option 1: Excise duty

Option 2: Estate duty

Option 3: Gift tax

Option 4: Sales tax