When individuals with unequal tax paying ability should be taxed unequally in order to equalise sacrifice is called:
A) horizontal equity
B) vertical equity
C) tax paying ability
D) none of these
Correct Answer:
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Q18: A tax levied at 5 percent on
Q19: Which of the following taxes is the
Q20: Impact of tax refers to:
A)initial resting place
Q21: Fiscal policy is the policy of:
A)rbi
B)nabard
C)government
D)all the
Q22: The principle of judging fiscal measures by
Q24: The following is an example of direct
Q25: If the rate of tax falls with
Q26: Which is the method of financial adjustment
Q27: Who suggested an expenditure tax as an
Q28: Budget is an instrument of:
A)monetary policy
B)fiscal policy
C)trade
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