A) Capital market B) Commodity market C) Money market D) Labour market
A) Demand-pull inflation B) Creeping inflation C) Cost-push inflation D) Deflation
A) Smuggling goods B) Non-payment of customs duty C) Legal reduction of tax liability D) Illegal refusal to pay tax
A) Tax revenue B) Depreciation C) Government expenditure D) Net income from abroad
A) Supplementary budget B) Balanced budget C) Deficit budget D) Surplus budget
A) Liquidity preference B) Inflation C) Investment D) Capital formation
A) Inflation B) Budget C) Taxation D) Deflation
A) Progressive B) Regressive C) Inflationary D) Optional
A) Central Bank B) Commercial Bank C) Insurance Company D) Stock Exchange
A) Disinflation B) Runaway inflation C) Reflation D) Deflation
A) Number of firms B) Total population C) Labour force D) Government revenue
A) Direct tax B) Import duty C) Excise duty D) Purchase tax
A) Revenue exceeds expenditure B) Revenue equals expenditure C) Expenditure exceeds revenue D) Revenue is zero
A) Irving Fisher B) David Ricardo C) J.M. Keynes D) Adam Smith
A) Product method B) Income method C) Output method D) Expenditure method
A) Raise government revenue B) Increase inflation C) Reduce exports D) Encourage smuggling
A) Rise in wages B) Fall in output C) Fall in prices D) Rise in prices
A) Construction of bridges B) Building roads C) Purchase of machinery D) Payment of salaries
A) Consumption B) Personal tax C) Imports D) Savings
A) Trade surplus B) Deficit budget C) Budget surplus D) Tax holiday
A) Supply B) Circulation C) Quantity D) Purchasing power
A) Call Money Fund B) Share C) Bill of Exchange D) Treasury Bill
A) One month B) Ten years C) One week D) One year
A) Illegal B) Constitutional C) Legal D) Voluntary
A) Transfer payment B) Recurrent expenditure C) Capital expenditure D) Revenue expenditure
A) Treasury Bill B) Debenture C) Bond D) Share
A) Recession B) Inflation C) Deflation D) Unemployment
A) Tax incidence B) Tax burden C) Tax base D) Tax rate
A) High savings B) Budget surplus C) Excessive bank lending D) Reduced demand
A) By companies only B) Internally and externally C) Externally only D) Internally only
A) Simplicity B) Flexibility C) Neutrality D) Convenience
A) Political party strength B) Growth rate of the economy C) Religious composition D) Climate condition |