What is the reason for the growth of public debt in India?
Urbanization
Adult literacy
Inflation
Expenses on internal security
In which economic system characterised by private free enterprise and minimum government intervention?
Capitalist economic system
Mixed economic system
Socialist economic system
Communist economic system
Which economic system prevailed in India?
Capitalist econimy
Mixed economy
Socialist economy
Communist economy
An example for direct tax
Fine
Sales tax
Property tax
Customs duty
The annual statement showing the income and expenditure of the government during a financial year.
Budget
Tax
Public income
Investment
Problem of Capitalist economic system
Monopoly
Self management
Economic growth
Self production
Which budget is presented when government cannot present the full budget for one year?
Capital budget
Revenue budget
Emergency budget
Interim budget
In which feature of Direct tax?
Expenses of tax collection is usually high
Chances for malpractices are high
Evading a tax means giving up the want
Tax burden can be shifted
In economic activities, the intervention of government is very essential in those areas where _____ is reluctant to enter.
Free market
Tax burden
Private sector
Public sector
An economic system in which productive factors are owned by government and less importance is paid to private sector.
Capitalist system
Socialist system
