The maximum effect of direct taxes is on
A) price of food
B) income
C) capital goods
D) consumer goods
Correct Answer:
Verified
Q47: Merit goods means
A)private goods
B)public goods
C)subsidized private goods
D)none
Q48: The most important aim of fiscal policy
Q49: The income of the government through all
Q50: Which of the following are indirect taxes?
A)customs
Q51: The Finance Commission is appointed in every
A)3
Q53: The Wanchoo Committee (1971) probed into
A)direct taxes
B)indirect
Q54: Modvat means
A)modified value added tax
B)moderate value added
Q55: The revenue of the State Government is
Q56: The Finance Commission does all the following
Q57: Primary deficit means:
A)fiscal deficit? interest
B)revenue deficit?interest payments
C)fiscal
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