Government budget is balanced when
A) govt. expenditure outstrips tax receipts
B) govt. tax receipts outstrips expenditure
C) govt. expenditure equals tax revenues
D) none of the above
Correct Answer:
Verified
Q5: If the public debt can be financed
Q6: Progressive Tax System is that system in
Q7: Who deals with income and expenditure of
Q8: Unfunded debts are those debts which are
Q9: Which one of the following is not
Q11: The government can collect funds from
A)taxes
B)fees
C)prices of
Q12: Progressive taxes:
A)increase government revenue
B)bring equality in distribution
Q13: The tax levied on the interstate trade
Q14: Which of the following taxes is/are withdrawn
Q15: ………………...is that process in which taxpayer tries
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