Introduction of GST is said to have increased tax buoyancy in India. Which of the following statements best explains/explain the term ‘tax buoyancy’?
It means that for every rupee of tax paid, a proportionate growth in GDP is seen.
It means that any increase in growth results in proportionate increase in tax revenue.
It means that increase in the number of people in higher tax bracket will result in more number of people in lower tax bracket.
Both (A) and (B)
• Tax buoyancy refers to the responsiveness of tax revenue growth to changes in GDP. A tax is said to be buoyant, if its revenue increases with an increase in growth in the economy, without increasing the tax rate.
Nine litres are drawn from a cask full of water and it is then filled with milk, Nine litres of mixture are drawn and the cask is again filled with milk, The quantity of water now left in the cask to that of the milk in it is 16 : 9. How much does the cask hold?
Science & Technology · Easy
Sustainable development requires which of the following? 1. Preservation of ecological resources and greater use of renewable resources. 2. Encouragement to the use of environmentally-safe technologies for development purposes. 3. Formulation and implementation of policy framework for people-security and human justice, including ecological and economic security. Select the correct answer using the code given below:
Science & Technology · Easy
Consider the following statements about the Cabinet Mission: 1. Stafford Cripps was the Chairman of the Mission. 2. It supported the cause of Pakistan’s independence. 3. It recommended that provinces will have residuary powers. Which of the statements given above is/are not correct?
Science & Technology · Easy
The identity platform 'Aadhaar' provides open "Application Programming Interfaces (APIs)". What does it imply ? 1. It can be integrated into any electronic device. 2. Online authentication using iris is possible. Which of the statements given above is/ are correct ?
Science & Technology · Easy