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CPT 853 views 3 replies

the most important sources of plan finance to cover up gap between intended expenditure & available resource is in

a).direct taxes

b).indirect taxes

c).deficit financing

d).foreign aid

increasing returns to scale can be explained in terms of

a). external & internal economies

b). external & internal diseconomics

c). external economies & internal diseconomies

d). all

lac curve falls as output expands,this is due to

a).law of diminishing retains

b). economics of scale

c). law of variable proportion

d) diseconomics of scale

highest tax revenue is earned by

a). excise duty

b).vat

c).cenvat

d).income tax

 

Replies (3)

2.external and internal economies of scale

3.economics of scale

4https://www.indianexpress.com/news/corporation-tax-biggest-revenue-earner-for-govt/17557/ the news article shows that right now corporation tax exceeds excise duty and is the highest revenue earner. https://dor.gov.in/direct_indirect the above statistics indicate the fact that direct taxes now are greater than indirect taxes. I don't know what the correct answer would be

deficit financing by issuing public debt is the way the gap between expenditure and revenue is covered. so answer is c


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