Question
Which of the following curve shows that incessant
increase in tax rates is not productive?Solution
- The Laffer curve shows the relationship between tax rates and tax revenue collected by governments.
- The curve suggests that, as taxes increase from low levels, tax revenue collected by the government also increases. It also shows that tax rates increasing after a certain point (T*) would cause people not to work as hard or not at all, thereby reducing tax revenue.
- Eventually, if tax rates reached 100% (the far right of the curve), then all people would choose not to work because everything they earned would go to the government.
Which of the following document gives an aggregation of various types of expenditure and certain other items across demands?
Current Assets (at cost) Rs.24,00,000, Credit Sales Rs. 68,00,000, Cash Sales Rs.600,000, Sales Return Rs.2,00,000. What can be Current Assets Turnover ...
REC Limited has undertaken an exclusive listing of its recently issued Green bonds of ______ raised under its Global Medium Term Programme of USD 7 bill...
Payment under a contract is made in consideration to which among the following?
What is the feature launched by ICICI Lombard General Insurance for health insurance policyholders to avail cashless facilities at any hospital?
Which of the following is a funds transfer system that operates on a deferred net settlement (DNS) basis?
In which of the following years, India took its first major step towards liberalisation?
There is one budget which is prepared as a consolidated summary of all the functional budgets. Identify it among the following:
Which of the following is NOT a role of project sponsors in project finance?
With which of the following is the 'Service Area Approach' associated with?
