Question no 3055 SSC CGL Tier 1 Genral Awareness Questions and Answers Online Test 91

SSC CGL Tier 1 :: GA Test 91

Home » SSC CGL Tier 1 » GA Test 91 »
advertisements

1 .

Buoyancy of a tax is defined as

[ A ] percentage increase in tax revenue/ percentage increase in tax base
[ B ] increase in tax revenue/percentage increase in tax coverage
[ C ] increase in tax revenue/increase in tax base
[ D ] percentage increase in tax revenue/ increase in tax coverage

Answer : Option C

Explanation :

Buoyancy means the growth/increase in tax collections. This is in line with the GDP growth within the economy, the industry profile and the tax structure administered by the government. Tax buoyancy measures the total response of tax revenues to changes in national income

Workspace

Report error