A tax on imports exports, or consumption goods is called ?

Related Mcqs:

1. What is called the difference in the value of a nation’s imports over exports or exports over imports ?

   A. Trade deficit
   B. Trade simples
   C. Both a & b
   D. Not a nor b

2. Government levy tax on imports and exports What this tax is called ?

   A. Custom
   B. Exercise Duty
   C. Tariff
   D. Freight

3. S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ?

   A. S – I = X = M
   B. S + I = X + M
   C. S = I – (X+M)
   D. S-I = X/M

4. What is called a Tax on imports, exports ?

   A. Drawback
   B. Duty
   C. Custom
   D. Excise

5. The record of country’s imports and exports of goods and services is called its ?

   A. visible trade balance
   B. balance of trade
   C. balance of payments on current account
   D. balance of payments.

6. The record of country’s imports and exports of goods is called its ?

   A. balance of trade:
   B. balance of payments
   C. balance of payments on current account
   D. visible trade balance

7. The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?

   A. balance of payments on current account
   B. visible trade balance
   C. balance of trade
   D. balance of payments

8. What is called the difference in the money value between exports and imports during the specific period of time ?

   A. Balance of payment
   B. Balance sheet
   C. Terms of trade
   D. Balance of trade

9. Government policy about exports and imports is called ?

   A. Monetary policy
   B. Fiscal policy
   C. Commercial policy
   D. Finance policy

10. Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?

    A. Rs 50000
    B. 20%
    C. 25%
    D. Rs 10000