Public Finance MCQs and Notes

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Priyanka Tomar • 33.18K Points
Instructor I 

Q 151. If with the increase in income, the percentage of income collected as tax remains constant, tax will be called

(A) regressive
(B) progressive
(C) proportional
(D) neutral
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Correct Answer: Option (C)
Explanation:
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Gopal Sharma • 35.92K Points
Coach 

Q 152. A forward-shifted tax will affect

(A) buyers more than sellers
(B) sellers more than buyers
(C) buyers and sellers equally
(D) government revenues negatively
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Correct Answer: Option (A)
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Ram Sharma • 193.84K Points
Coach 

Q 153. A progressive income tax implies that

(A) the amount of tax falls with a rise in income
(B) the rate of rises with a rise in income
(C) both (a) and (b)
(D) the rate of tax decreases with a rise in income
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Correct Answer: Option (B)
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