What is the main objective of public expenditure ?
Economic welfare
Non Economic welfare
Social Welfare
Cultural Welfare
Which one of the following is an example of Non- Tax Revenue?
Penalities and Fines
Income Tax
Sales Tax
Property Tax
The taxes on entertainment such as cinema and circus.
Surcharge
Turnover tax
Entertainment Tax
Excise duty
Match the following
1) Public Good - a) Tax on imports
2) Direct Taxation - b) Public expenditure
3) Development Expenditure - c) Tax on Corporate Profits
4) Indirect Taxation - d) National Defence
1(c), 2(d), 3(a), 4(b)
1(b), 2(a), 3(c), 4(d)
1(a), 2(b),3(c),4(d)
1(d), 2(c), 3(b),4(a)
Union Taxes are levied by
State Government
Central Government
RBI
Panchayat
Level of compliance and tax rates are
Positively related
Negatively related
Not related
Constant
The total amount of money received from its citizen to meet its expenditure is
Public Revenue
Government expenditure
Public expenditure
Public Debt
The Government spends for the benefit of public is known as
Budget Deficit
Capital Expenditure
An example for Revenue expenditure.
Irrigation Projects
Hospitals
Power Projects
National Highways
Which one of the following is the characteristics of a good tax structure?
Corporate Tax
Cannon of Simplicity
Cannon of Uncertainty
Cannon of Non-convenience
