The compulsory payment made by a citizen to the government.
Fees
Tax
Fine
Grant
In which country value added tax was first introduced?
England
Russia
India
France
What is the reason for the growth of public debt in India?
Urbanization
Adult literacy
Inflation
Expenses on internal security
Which budget is presented when government cannot present the full budget for one year?
Capital budget
Revenue budget
Emergency budget
Interim budget
The sector which is the most ideal area for non tax sources.
Industrial sector
Agricultural sector
Service sector
Private sector
Which economic system prevailed in India?
Capitalist econimy
Mixed economy
Socialist economy
Communist economy
The word 'Budget' is derived from __________ word.
Arabic
French
Greek
Italian
An example for direct tax
Sales tax
Property tax
Customs duty
The annual statement showing the income and expenditure of the government during a financial year.
Budget
Public income
Investment
_____________ budget is the one in which public revenue falls short of public expenditure.
Deficit budget
Surplus budget
Balanced budget