A tax that takes away a higher proportion of one's income as the income rises is termed as [I. Tax & Central Excise 1990]

Related MCQs

• MODVAT is different from VAT in the sense that: 1. under MODVAT, tax is levied only on value addition while under VAT, excise is imposed on final value and then rebate is given on inputs 2. MODVAT is only at the production stage while VAT extends both to production and distribution stage 3. under MODVAT, excise is levied on final value and then rebate is given on inputs while under VAT, tax is levied only on value addition 4. MODVAT implies rationalization of excise duty only while VAT implies rationalization of excise, sales and turnover taxes etc. also Choose correct answer from:
• Put the main sources of revenue of the Central Government in ascending order of importance: 1. Income tax 2. Corporation tax 3. Customs 4. Excise duties
• Which of the following is not a method of estimating national income? [I. Tax & Central Excise 1991]
• What is Laissez-faire? [I. Tax & Central Excise 1989]
• Which among the following is true? 1. Decrease in cash reserve ratio injects higher liquidity in the system 2. Higher liquidity in the system may soften interest rates 3. Higher market borrowing by the government leads to rise in interest rates Choose your answer from:
• The system of Budget was introduced in India during the viceroyalty of: [Central Excise 1994]
• When the ratio of indirect taxes to total taxation revenue is very high, it leads to : 1. rise in the price level 2. higher taxation burden on the rich 3. higher taxation burden on the poor 4. fall in tax revenues
• Excise Duties are taxes on :
• Consider the following taxes: 1. Corporation Tax 2. Value Added Tax 3. Wealth Tax 4. Import duty Which of these is/are Indirect taxes?
• Which among the following sectors received the largest Central plan outlay in the last few Central Government annual budgets? [CDS 2002]