Answer-Which of the following best defines Tax buoyancy?

Tax buoyancy is an indicator to measure efficiency of revenue mobilization with respect to growth in national income. If it is more than one then growth in tax collection would be higher than growth in GDP.

Question

span >Which of the following best defines Tax buoyancy?

A It is the ratio of growth in tax revenue to growth in GDP.

B It is the ratio of gross tax collected to the total public debt of the state.

C It is the ratio of gross tax collected by the state to the percentage of GDP.

D It is the ratio of growth in tax revenue to the growth in population.

Practice Next

More Economy Questions

The first India Stack Developer Conference was held in which state/UT?
Which of the following statement is/are incorrect about “PRADHAN MANTRI UJJWALA YOJANA (PMUY)” I. PMUY was launched on May 01, 2016. II. ...
What is a Green Index?
Which IS NOT TRUE about FICCI?
What is the difference between Nominal GDP and Real GDP?
Which among the following regions in India is/are biodiversity hotspots? 1. Eastern Ghats 2. Eastern Himalayas 3. Nicobar Islands Select the correct answer...
“Dumping” is a situation when the seller
What does IBBI stands for?
Indian economy is a
Which of the following establishments are covered under the Payment of Gratuity Act, of 1972?

Relevant for Exams:

SSC CGL
Management Aptitude Test (MAT)

Hey! Ask a query

🎓

Think You're Ready for RBI Grade B?

RBI Grade B 2026 Phase 1 Memory Based Paper

200 Questions with Detailed Solutions
Section-wise Coverage (GA, English, Quant & Reasoning)

Download Now 100% Free PDF

span >Which of the following best defines Tax buoyancy?

Detailed Solution

More Economy Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login

RBI Grade B 2026 Phase 1 Memory Based Paper