Octrio is levies and collected by

Related MCQs

• If with the increase in income, the percentage of income collected as tax remains constant, tax will be called
• _________ is a broad based and a single comprehensive tax levied on goods and services consumed in an economy
• The movement from older level of expenditure and taxation to a new and higher level is called
• According to Wiseman and peacock, public expenditure will increase in a
• Concept of concentration and displacement effect in public expenditure are attributed to
• The relationship between tax collections and tax rates has been expressed by
• Balanced budget means ................ between revenue and expenditure.
• A multilevel decentralized fiscal system involving sharing of fiscal responsibilities between central, state and local governments is referred to as:
• When consumption of a good is non-rival and non-excludable, the good is a
• When consumption is rival and excludable, the product is a