1. The tax which is not shared by states is

2. Which one among the following can not be made a progressive tax?

3. The rapid increase of public debt of the Central Government since 1950–51 has been due to

4. Municipalities finance their expenditure by imposing among others

5. Which one of the following is the most important source of revenue of state governments in India?

6. Fiscal Policy is not effective when

7. Black money in India

8. Agricultural taxation in India is difficult because of

9. In the Indian context deficit financing means

10. The incidence of a sales tax will be

11. Which one of the following heads of expenditure of the Central Government, accounts for the largest amount of revenue expenditure?

12. Biggest source of capital receipts of the Union Government is

13. Zero-Based Budgeting (ZBB) lays emphasis on
1. unlimited deficit financing
2. preparing new budget right from the scratch
3. preparing the budget neglecting history of expenditure
Select the correct answer using codes given below:

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

15. Justice in taxation is best ensured by applying the principle of

16. Consider the following items :
1. Expenditure on asset formation
2. Interest payment
3. Investment on education and health
4. Expenditure on collecting loans Of the above which are included in the capital expenditure of government budgets?
Select the correct answer from the codes given below

17. Maximum Social Advantage is achieved when

18. The basis of corporate tax is

19. Consider the following statements regarding savings in different sectors of an economy
1. savings of private corporate sector constitute undisturbed profits
2. savings of private corporate sector consitute excess of income over expenditure
3. savings of government sector constitute excess of revenue receipts over revenue expenditure
4. savings of government sector constitute excess of total revenue over total expenditure Of the above statements

20. Union Excise duties are a part of Central Governments

21. Expenditure on 'general services' is

22. Wh o am ong the followin g su ggested tax on expenditure?

23. Black money is generated in India because of

24. Which of the following does not measure income in equality?

25. 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