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