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Question
Choose the correct pair of items from the statements given in Column I and Column II.
| Column I | Column II |
| A. Direct Expenditure | 1. Government expenditure on the payment of old-age pension |
| B. Transfer Expenditure | 2. Government expenditure on the purchase of goods and services |
| C. Regressive Tax | 3. The rate of tax increases with increase in income |
| D. Progressive Tax | 4. The rate of tax decreases with increase in income |
Options
A - 2, B - 1, C - 4, D - 3
A - 1, B - 2, C - 3, D - 4
A - 2, B - 1, C - 3, D - 4
A - 1, B - 2, C - 4, D - 3
MCQ
Match the Columns
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Solution
A - 2, B - 1, C - 4, D - 3
Explanation:
| Column I | Column II |
| A. Direct Expenditure | 2. Government expenditure on the purchase of goods and services |
| B. Transfer Expenditure | 1. Government expenditure on the payment of old-age pension |
| C. Regressive Tax | 4. The rate of tax decreases with increase in income |
| D. Progressive Tax | 3. The rate of tax increases with increase in income |
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