All of the following are low income countries except ?

Related Mcqs:

1. The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is ?

   A. less than $900, $900-$9000 and more than $9000
   B. less than $5000, $5000-$15000 and more than $15000
   C. less than $100, $100-$1000 and more than $1000
   D. less than $5000, $5000-$150000 and more than $150000

2. Which of the following are low income countries income country ?

   A. Canada
   B. United States
   C. Mexico
   D. Australia

3. A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?

   A. a proportional tax
   B. a regressive tax
   C. an equitable tax
   D. a progressive tax

4. The low-income economies generally have the following except ?

   A. deficient infrastructures
   B. low life expectancies
   C. low savings
   D. a per capital GNP of more than $900

5. All of the following are high income countries except ?

   A. Singapore
   B. U.K
   C. Japan
   D. South Africa

6. All of the following are high income countries except ?

   A. the United Kingdom
   B. Singapore
   C. Japan
   D. Hungary

7. Which of the following countries is not a low income country ?

   A. Indonesia
   B. India
   C. Malaysia
   D. Nigeria

8. Which of the following countries is not a low-income country ?

   A. Ethiopia
   B. Rwanda
   C. Somalia
   D. Singapore

9. Which of the following statement is true about low-income countries ?

   A. less than 10% of the labor force is in agriculture
   B. the average agriculture family produces surplus large enough only to supply small non-agriculture population
   C. One-third of the labor force produce food
   D. share of labor force is about 30%

10. If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

    A. 30%
    B. 10%
    C. 70%
    D. 40%