Budget and Tax

1. The Government of Bangladesh has formulated the 2nd PRSP for the period of--

• ক. July 2009 - June 2014
• খ. Jan 2009 - December 2014
• গ. Jan 2010 - June 2011
• ঘ. Jan 2010 - December 2011

2. What is maximum limit of tax-free personal income (in Tk) in 2010-11?

• ক. 130000
• খ. 90000
• গ. 125000
• ঘ. 150000

3. Which government agency is responsible for collecting taxes in Bangladesh?

• ক. Ministry of Finance
• খ. Ministry of Commerce
• গ. Bangladesh Bank
• ঘ. Planning Commission

4. In which year the Value Added Tax system was introduced in Bangladesh?

• ক. 1991
• খ. 1990
• গ. 1992
• ঘ. 1980

5. The public sector includes--

• ক. Investors owning companies
• খ. Government ownership of assete
• গ. Market forces of supply and demand
• ঘ. All trade via barter

6. Which is not a Wing of the National Board of Revenue(NRB)?

• ক. Customs
• খ. Income Tax
• গ. Value Added Tax
• ঘ. Banking

7. Coutries experiencing global depression of the last year adopted:

• ক. Protection policy
• খ. Expansionary policy
• গ. Contraction policy
• ঘ. Non discriminatory policy

8. When the provision of whitening black money in the national budget first introduced?

• ক. Fiscal year 1975-1976
• খ. Fiscal year 1972-1973
• গ. Fiscal year 1973-1974
• ঘ. Fiscal year 1977-1978

9. Who is the chairman of NRB?

• ক. Abdul Majid
• খ. Khairuzzaman
• গ. Badiul Islam
• ঘ. Dr. Nasiruddin Ahmed

10. When was the largest budget in the history of Bangladesh announced?

• ক. May 11, 2009
• খ. June 11, 2009
• গ. July 9, 2009
• ঘ. July 11, 2009

11. Which of the following is a source of government revenue?

• ক. Corporate tax
• খ. VAT
• গ. Custom Duty
• ঘ. All of these

12. VAT stands for--

• ক. Valuation Agreement on Taxes
• খ. Value Added Tax
• গ. Variation in Additional Taxes
• ঘ. Valuation of Additional Taxes

13. Value-added tax (VAT) in Bangladesh was introduced on--

• ক. 1st July 1990
• খ. 2nd June 1988
• গ. 13 July 1992
• ঘ. 1st June 1991

14. What is the rate of Value Added Tax (VAT) applicable in Bangladesh?

• ক. 7.5%
• খ. 10%
• গ. 12.5%
• ঘ. 15%

15. Which of the following is not a tool for monetary control?

• ক. Discount rate
• খ. Raquired service
• গ. Open market operation
• ঘ. Moral suasion

16. Which one of the following is an essential characteristic of a private good?

• ক. It is produced by the private sector
• খ. The user has to pay for it
• গ. Consumption of the good by the user has no external effects on the consumption or productivity of others
• ঘ. Consumption of the good by one user diminishes the quantity available to others

17. Which policy measure would tend to reduce both the rate of inflation and a balance of payments deficit?

• ক. an appreciation of the country's currency
• খ. an increase in import tariffs
• গ. a reduction in government spending
• ঘ. a reduction in the level of interest rates

18. Which method of financing government expenditure on higher education is most likely to result in an increase in the money supply?

• ক. selling government bonds to the non-bank general public
• খ. selling government bonds to the central bank
• গ. raising the rate of income tax
• ঘ. charging all students the full cost of tution fees

19. Which of the following measure is specifically designed to reduce divergences between private and social cost?

• ক. equal pay legislation
• খ. minimum wage legislation
• গ. the abolition of tuition fees paid by university students
• ঘ. the introduction of 'bus only' lenes in city centers

20. Which of the following elements of a tax and benefits system is regressive?

• ক. the taxation of capital gains
• খ. the payment of child benefits to families
• গ. specific taxes on beer and tobacco
• ঘ. rent subsidies to tenants of publicly owned housing

21. What would cause the value of the accelerator to increase?

• ক. a reduction in tax rates
• খ. an increase in the capital-output ratio
• গ. an increase in the saving ratio
• ঘ. an increase in the marginal propensity to consume

22. A government believes that consumers derive greater benefit from a good than consumers themselves realise. Which type of good does this define?

• ক. inferior goods
• খ. merit goods
• গ. private goods
• ঘ. superior goods

23. Which policy is likely to reduce a balance of payments deficit without causing inflation?

• ক. a reduction in government spending
• খ. a devaluation of the exchange rate
• গ. an increase in import tariffs
• ঘ. an increase in indirect taxes

24. What is likely to be the effect of an increase in the budget deficit?

• ক. a reduction in inflation
• খ. a reduction in the volume of spending
• গ. an increase in effective demand
• ঘ. an increase in unemployment

25. Over which policy may country lose control, if it sets a fixed parity for its currency against other currencies?

• ক. supply side policy
• খ. prices and incomes policy
• গ. fiscal policy
• ঘ. monetary policy