61.
Grants recommended by the Finance Commission are known as
A
Plan grants
B
Conditional Grants
C
Statutory grants
D
Conditional grants
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Grants recommended by the Finance Commission are known as
Plan grants
Conditional Grants
Statutory grants
Conditional grants
Gift tax was introduced in the year
1958
1959
1960
1961
Gender budgeting started in India with the Union budget of
1991-92
2001-02
2006-07
2010-11
Functional Finance functions through
Buying and selling
giving and taking
Lending and borrowing
All the above
Functional Finance concept was introduced by
Marx and Angels
Keynes and Lerner
Dalton and Pigou
J.S. Mill
free rider problem is one of the characteristics of
Private good
Public good
merit good
mixed good
Formation of...............is the actual method of debt redemption
Sinking fund
Capital levy
Conversion
Repudiation
Finance Commission determines
The finances of Government of India
The resources transfer to the State
The resources transfer to the various departments
none of the above
Federal Finance deals with
State finances
Finances of railways
Local bodies
Centre-State financial relations
Expenditure Tax for India was recommended by
Kaldor
Colin Clarke
Adam Smith
Adolph Wagnor
Existence of Centre State economic inequalities is known as
Vertical imbalance
Horizontal Imbalance
parallel imbalance
none of these
Escheat is an example of
Direct tax
Indirect tax
Both a & b
none of these
Equals treated equally in taxation leads to
Vertical equity
Real equity
Horizontal equity
None
Elastic revenue response to marginal tax rate reductions is called
Marginal tax curve
Functional curve
Laffer curve
None of these
Education is an example of
Private good
Public good
merit good
mixed good
Education is an example of
Public good
Merit good
Social good
Club good
Direct taxes have the element of
Evasion
convenient
progressive
economy
Defict financing includes
Borrowing from the Central Bank
Issues of new currency by the Government
Withdrawal of past accumulated cash balance by the government
All the above
Deficit financing means
Public expenditure in excess of public revenue
Public revenue in excess of public expenditure
Both A and B
none of the above
Deficit financing may lead to
Poverty
Unemployment
Inflation
Deflation