Category: Economics

Latest Economics Mcqs Online with Answers.

Progressive taxes?

A. Increase government revenue B. Bring equality in distribution of incomes C. Act as penalty for rich people D. Both (a) & (b) Right Answer: Both (a) & (b)

It is direct tax?

A. Excise tax B. Sales tax C. Income tax D. Custom duty Right Answer:  Income tax

Taxes on commodities are?

A. Direct taxes B. Indirect taxes C. Progressive taxes D. Proportional taxes Right Answer: Indirect taxes