Directions How to Answer

Aptitude Test Topic: Economics

This section is comprised of MCQs on Economics.

Directions

The following are questions on Economics. Select the correct option to represent your answer.

To give the answer click/tap the option alphabet for your answer choice. for correct answer green check and for wrong answer a red cross will appear along with a button to show explanation with or without video of the question answer.

Economics: All Topics Practice MCQ

Question Statement:

Buoyancy of a tax is defined as -

increase of tax rate

decrease in tax revenue

increase in tax revenue

increase in ratio of direct to indirect tax

Explanation:

Correct Answer: C

Sol.Buoyancy of a tax is increase of tax revenue.

Question: 8 Test: 1 of 5 Next Test

Tests

You are taking Aptitude Test No. 1

Each aptitude test is comprised of 10 except the last test which might have fewer than 10 in some topics.

You are at question (MCQ) number 8 and Test Number 1 of Economics: All topics. To deal with Economics questions, you must take lesson on the subject. In case of science and Art subjects revise your text books and in case of general aptitude topics take lessons from the topic page.

The question: Buoyancy of a tax is defined as - .... with options: increase of tax rate, decrease in tax revenue, increase in tax revenue, increase in ratio of direct to indirect tax can be solved with the concepts and understanding of Economics.