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प्रश्न
Define the following term:
Fiscal deficit
थोडक्यात उत्तर
उत्तर
Fiscal deficit refers to the total borrowings requirements of the government to finance its budget deficit (i.e. excess of government expenditure over government revenue).
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Role of State in Economic Development
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संबंधित प्रश्न
______ is an example of commercial revenues.
______ are those taxes which are paid by the same person on whom they have been imposed.
The government imposes tax ______.
Match the following:
| Column I | Column II | ||
| A. | Direct tax | (i) | Tax rate increases with tax base |
| B. | Indirect tax | (ii) | Tax rate remains constant |
| C. | Proportional tax | (iii) | Imposed on goods and services |
| D. | Progressive tax | (iv) | Impact and incidence lie on the same person |
Match the following:
| Column I | Column II | ||
| A. | Impact of tax | (i) | Price stability |
| B. | Incidence of tax | (ii) | Simple to calculate |
| C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
| D. | Proportional tax | (iv) | Original imposition of tax |
Differentiate between direct and indirect taxes.
To which tax is this shifting of tax burden relevant?
State two differences between income tax and commodity tax.
Discuss four fiscal policy objectives with reference to India.
Explain the term Incidence of a tax.
