Fiscal system-Indian economy

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1. A tax which is paid by the person on whom the tax is incident is called a :

2. The standard of living in a country is represented by its :

3. Which is the best measure of economic growth of a country?

4. Which of the following expenses do not require the sanction of Parliament?
I. Salary and allowances of the President and CAG
II. Debt charges of the Government
III. Defence expenditure
IV. Maintenance expenditure of embassies.

5. Once the demands for grants and expenditure of different departments are passed by the Parliament, a bill to draw money from consolidated Fund India for these purposes is introduced. The bill is called :

6. Grants or advances made by the House to enable the government to carry on until the voting of the demands for grants and passing of the General Appropriation Bill is called :

7. Consider the following statements :
(A) In India since independence the share of the primary sector has been declining while the shares of the secondary and territory sectors have been increasing
(B) This trend shows that Indian economy is passing through the transition from an agricultural to an industrial economy
While one of the following is correct?

8. Which of the following is the basis for determining the national income?

9. Which of the following is not a method of estimating national income?

10. Which of the following are referred to as the developed economies?

11. The budget is presented to the Parliament o :

12. Which State in India has the highest average per capita annual earnings of factory workers?

13. The system of Budget was introduced in India during the viceroyalty of :

14. Temporary tax levied to obtain additional revenue is called :

15. The basic attribute of a formal organization is :

16. If the price of an inferior good falls, its demand :

17. The existence of a Parallel Economy or Black Money :

18. Why has the general budget till recently always been presented at 5 o' clock in the evening ?

19. The per capita income has been low in India because :

20. Which among the following formulates fiscal policy ?

21. 'Balanced Growth' means :

22. Dear Money Policy implies :

23. Railway Budget in India was separated from general budget in :

24. One of the problems in calculating the national income in India correctly is :

25. In the short run, a producer continues his production as long as he covers :