Sarat Chandra IAS 22nd April-2021 Quiz Welcome to your Sarat Chandra IAS 22nd April-2021 Quiz Q1) Which of the following best describes `Disposable Income`? Net wages after deducting direct taxes Net wages after deducting indirect taxes Net wages after adjusting inflation None of the above Q2) Which of the following statements regarding the effects Inflation is incorrect? Purchasing power of money decreases if there is inflation in the market. Higher the inflation, higher the cost of loan Inflation increases the investment expenditure With inflation, the volume of exports increases but the value of export decreases. Q3) Which of the following measures will not help in achieving fiscal consolidation? Prudent fiscal policy of Union government. Expanding tax base Farmers’ debt waiver schemes by state governments Austerity measures. Q4) The Joint Lender’s Forum (JLF), was conceived to tackle which of the following? Sovereign debt Disaster management funding International taxation disputes Stressed assets Q5) Which of the following best defines the term Tax Buoyancy? It is the ratio of growth in tax revenue to growth in GDP. It is the ratio of gross tax collected to the total public debt of the state. It is the ratio of gross tax collected by the state to the percentage of GDP. It is the ratio of growth in tax revenue to the growth in population. Time's up
