Indian Economy भारतीय अर्थव्यवस्था Quiz #40


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Indian Economy भारतीय अर्थव्यवस्था Quiz #40

MODVAT is different from VAT in the sense that: 1. under MODVAT, tax is levied only on value addition while under VAT, excise is imposed on final value and then rebate is given on inputs 2. MODVAT is only at the production stage while VAT extends both to production and distribution stage 3. under MODVAT, excise is levied on final value and then rebate is given on inputs while under VAT, tax is levied only on value addition 4. MODVAT implies rationalization of excise duty only while VAT implies rationalization of excise, sales and turnover taxes etc. also Choose correct answer from:
Consider the following taxes: 1. Corporation Tax 2. Value Added Tax 3. Wealth Tax 4. Import duty Which of these is/are Indirect taxes?
The tax whose share in overall taxation revenue has gone up rapidly during the planning period is :
The most appropriate measure of a country's economic growth is the:
When the ratio of indirect taxes to total taxation revenue is very high, it leads to : 1. rise in the price level 2. higher taxation burden on the rich 3. higher taxation burden on the poor 4. fall in tax revenues
CENVAT is associated with:
Taxation and the government's expenditure policy are dealt under the :
Deficit financing leads to inflation in general, but it can be checked if:
The budget broadly comprises: (i) revenue budget, and (li) capital budget. Which of the following item or items is/are not covered under the revenue budget? I. Different proceeds of taxes and other duties levied by the government II. Interest and dividend on investments made by the government III. Expenditure on running government and various services IV. Market loans raised by the government
Match the following: List-I List-II A. Depression 1. Coexistence-of inflation and stagnation B. Recession 2. Recovery from depression C. Reflation 3. Reduction in production over a short period D. Stagflation 4. Insufficient demand leading to idle men and machinery over a long time 5. Reduction in level of economy due to falling prices

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