MCQ On Taxation
5 Questions
| Total Attempts: 2748
Questions and Answers
- 1.The objective of taxation by the Government are -
- A.
Raising revenue for the state
- B.
To maintain economic stability
- C.
To remove disparities in the distribution of income
- D.
All of the above
- 2.Pick out the factor which is not a feature of indirect taxes.
- A.
Convenience
- B.
Tax evasion is difficult
- C.
Fair to the poor
- D.
Powerful tool of economic policy
- 3.Pick out the incorrect statement.
- A.
In the short period, shifting of a tax is easy.
- B.
In the long period shifting of a tax is easy.
- C.
When supply is elastic, shifting is easy.
- D.
None of the above.
- 4.Which factor has no role in the shifting of a tax?
- A.
Change in prices
- B.
Elasticity of demand and supply
- C.
Nature of Demand
- D.
Income of the consumer
- 5.Impact of a tax refers to -
- A.
Final money burden
- B.
Immediate money burden
- C.
Indirect real burden
- D.
None of the above
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