The income of the government through all its sources is called
A) public expenditure
B) public revenue
C) public finance
D) none of these
Correct Answer:
Verified
Q44: Private goods are characterized by
A)application of exclusion
Q45: Tax refers to
A)compulsory contribution
B)payment by the people
Q46: . Pump priming is
A)injection of purchasing power
Q47: Merit goods means
A)private goods
B)public goods
C)subsidized private goods
D)none
Q48: The most important aim of fiscal policy
Q50: Which of the following are indirect taxes?
A)customs
Q51: The Finance Commission is appointed in every
A)3
Q52: The maximum effect of direct taxes is
Q53: The Wanchoo Committee (1971) probed into
A)direct taxes
B)indirect
Q54: Modvat means
A)modified value added tax
B)moderate value added
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