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1. The equity principle of taxation was propounded by
2. The existence of economic inequalities among the states is known as
3. The final resting place of the burden of tax is called
4. The Finance Commission does all the following functions except one, which is that?
5. The Finance Commission in India is appointed by
6. The finance commission is appointed every
7. The financial year in India starts from
8. The First Finance Commission was appointed in the year
9. The first state to introduce VAT was
10. The FRBM Act was passed in
11. The government which taxes the least is the best, is the belief of
12. The Great Depression occurred during
13. The idea of ..Democratic Decentralization in India was popularized by
14. The ideal system of public Finance is one where the net benefit is
15. The income of the government through all its sources is called
16. The Indian income tax is
17. The Indian tax system is
18. The item or economic activity on which tax is imposed is known as
19. The Kelkar Proposals are concerned with
20. The Kerala Panchayat Raj Act was passed in the legislature in the year
21. The largest component of revenue expenditure in India is
22. The largest component of revenue expenditure in India is
23. The main objective of budgeting is
24. The main objective of taking private loan is
25. The maximum effect of direct taxes is on
26. The methods of restoring resource balance between different governments in a federal set-up is based on
27. The modern state is
28. The modern theory of tax incidence was developed by
29. The most accepted theory of taxation in modern times
30. The movement from older level of expenditure and taxation to a new and higher level is called
31. The neo-Keynesian approach to public finance is called
32. The principle of Maximum Social Advantage have been suggested by
33. The revenue of the State Government is raised from the following sources except one, which is that?
34. The Theory of Maximum Social Advantage was given by
35. The VAT was first introduced in
36. The VAT was first introduced in the year
37. The Wanchoo Committee (1971) probed into
38. The Zero-based budgeting was first adopted in
39. There is a view that reduced rates on income tax would lead to a significant rise in income tax revenue. This view has been attributed to
40. Those goods whose consumption and use are to be encouraged are called
41. Treasury bills issued by the Government are in the nature of
42. Unemployment insurance is an example of
43. Unfunded debts are also known as
44. Wagners Law is related to
45. When Ed is greater than Es, more incidence is on
46. When Ed=Es, the burden is divided between
47. When Ed=infinity or Es=0, the whole incidence is on
48. When Es=infinity or Ed=0, the whole incidence is on
49. When Esis greater than Ed, more incidence is on
50. When expenditure exceeds total tax revenue, it is called
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