Who among the following has suggested tax on expenditure? (1) Dalton (2) Kaldor (3) Musgrave (4) Gautam Mathur

Who among the following has suggested tax on expenditure? (1) Dalton (2) Kaldor (3) Musgrave (4) Gautam Mathur
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(2) Kaldor Explanation: Nicholas Kaldor's seminal' work, titled 'An Expenditure Tax,' was brought out in 1955. Kaldor asked to levy a tax on a person's expenditure (consumption), instead of on his income. When expenditure is made the basis of taxation, the problems created by the noncomparability of various types of accruals of wealth resolve themselves. This was his major argument in favour of an expenditure tax.
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Who among the following has suggested tax on expenditure? (1) Dalton (2) Kaldor (3) Musgrave (4) Gautam Mathur

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An expenditure that has been made and cannot be recovered is called - (1) Variable cost (2) Opportunity cost (3) Sunk cost (4) Operational cost

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The functional relationship between income and consumption expenditure is explained by - (1) Consumer' Surplus (2) Law of Demand (3) Law of Supply (4) Keynes's psychological law of consumption

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Last Answer : (2) Price control through Public Distribution System Explanation: The issue of inflation is addressed from both demand and supply sides. demand management is achieved by measures such as postponing public expenditure ... rice and wheat resorted to by FCI from its buffer stock in times of price rise.