objective questions and answers on indian fiscal system
Questions
Download in pdf multiple choice questions(mcqs) & answers on fiscal system. These general awareness quiz objective questions answers include mcqs on Cash Reserve Ratio, liquidity trap etc.
31
The main reason for low growth rate in India, inspite of high rate of saving and capital formation is:
B
As compared to other taxes, there is a less chance of tax evasion. VAT minimizes tax evasion due to its catch-up effect. It reduces the cost of production
C
Due to the exemption of small businesses from the tax within certain limits prescribed by the State
40
Usually two months advanced grants made by the house to enable the government functions to carry on until the voting of the demands for grants and passing of the General Appropriation Bill is called: