Indian Economy

Which of the following is most closely associated with Surcharge?

A A loan
B A tax refund
C an additional charge levied on a tax liability under law
D A subsidy

In Indian economic terminology, Surcharge refers to:

A an additional charge levied on a tax liability under law
B A loan
C A tax refund
D A subsidy

Which statement about Surcharge is correct?

A A tax refund
B an additional charge levied on a tax liability under law
C A loan
D A subsidy

What is the correct description of Cess?

A A bank deposit
B A subsidy
C A government bond
D a levy imposed for a specified purpose under the applicable legal framework

Which of the following is most closely associated with Cess?

A A government bond
B A subsidy
C a levy imposed for a specified purpose under the applicable legal framework
D A bank deposit

In Indian economic terminology, Cess refers to:

A a levy imposed for a specified purpose under the applicable legal framework
B A bank deposit
C A subsidy
D A government bond

Which statement about Cess is correct?

A A government bond
B A bank deposit
C a levy imposed for a specified purpose under the applicable legal framework
D A subsidy

What is the correct description of a non-tax revenue receipt?

A A tax collected from imports
B Government income from sources such as fees, dividends and interest rather than taxes
C Sale of a government asset only
D A government borrowing

Which of the following is most closely associated with a primary surplus?

A Imports exceed exports
B Fiscal deficit exceeds interest payments
C Government revenues exceed non-interest expenditure
D Revenue expenditure exceeds revenue receipts

In Indian public finance, disinvestment proceeds are generally classified as:

A Revenue expenditure
B Capital receipts
C Tax expenditure
D Revenue receipts

Which statement about a Treasury Bill is correct?

A It is an equity share
B It is a bank deposit
C It is a short-term government security
D It is a long-term tax receipt

What is the correct description of a bond yield?

A The return associated with holding a bond
B The inflation rate
C The tax rate on income
D The fiscal deficit

Which of the following is most closely associated with tax incidence?

A Who prints currency
B Who audits banks
C Who ultimately bears the economic burden of a tax
D Who issues government bonds

In public finance, a primary surplus means:

A Capital expenditure exceeds receipts
B Interest payments exceed revenue
C Fiscal balance is positive after excluding interest payments
D Exports exceed imports

Which statement about public debt is correct?

A Debt is the same as tax revenue
B Debt creates future obligations for servicing and repayment
C Debt never affects fiscal sustainability
D Debt is always a revenue receipt