Which one of the following is the most acceptable theory of taxation:
A) benefit theory
B) cost of service theory
C) ability to pay theory
D) none of these
Correct Answer:
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Q1: The system of assigning the source of
Q2: The modern state is:
A)laissez-faire state
B)welfare state
C)aristocratic state
D)police
Q4: The Indian income tax is:
A)direct and proportional
B)indirect
Q5: The main objective of budgeting is:
A)planning
B)co?ordination
C)control
D)all of
Q6: Wiseman?Peacock hypothesis supports in a much stronger
Q7: A negative externality is
A)conflict relation with a
Q8: The "Tragedy of the Commons" is
A)discovery of
Q9: Which of the following is a public
Q10: The provision of public goods requires
A)competition among
Q11: When consumption of a good is non-rival
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