1. Which sector has maximum share in Gross Domestic Saving in India?

2. Hot money refers to the

3. The most expensive head under public-revenue expenditure in the Union Budgets of the last decade has been

4. It is generally believed that a rise in the tax rate would normally lead to a rise in the revenue. But there is also a view the reduced rates on income tax would lead to a significant rise in income tax revunue. This later view has been attributed to

5. Which tax is collected by Panchayat?

6. What is the effect of import tax (implies by a country) on the savings of consumer?

7. The Chairman of the 15th Finance Commission is

8. The whole burden of a tax will be borne by the sellers, if

9. Consider the following statements Non-Plan Revenue Expenditure includes expenditure incurred on
1. interest payments.
2. maintenance of capital assets.
3. flood control. Of these statements

10. Capital gains mean

11. Municipalities finance their expenditure by imposing among others

12. The tax which is not shared by states is

13. The Union Government does NOT issue one of the following

14. Which of the following Fiscal action is likely to be most effective in curbing inflation?

15. Which of the following taxes is levied by the State Government only?

16. Which one of the following pairs is correctly matched?

17. Which one of the following types of revenues is not shared by the Central Government with the State Governments?

18. Loans to public enterprises is a part of

19. The Principle of Maximum Social Advantage is concerned with

20. Match List I (Tax) with List II (Imposed and collected by) and select the correct answer using the codes given below the list: List I List II (a) Corporation Tax 1. State (b) Sales Tax 2. Municipal Corporation. (c) House Tax 3. Government of India (d) Wealth Tax Codes: (a) (b) (c) (d)

21. Which one of the following forms the largest share of deficit in Government of India budget?

22. Market borrowings of the Central Government are included in

23. Consider the following statements :
1. In the context of the classical model loan finance may be a means of transferring the burden to the future generation.
2. Foreign borrowing permits financing public programmes without placing a burden on the present generation.
3. Foreign borrowing is not burdensome to the future generations even if the funds are used unproductively. Of the above statements

24. Budgetary deficit of the Government of India is equal to

25. In order to reduce inequalities, the government should adopt