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Public Finance and Fiscal Policy


1. 

Fiscal policy in India is formulated by

Answer : A. the Finance ministry

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2. 

The major finance for small scale industries is

Answer : B. bank loans

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3. 

Which of the following provides the largest part of the demand for loanable funds in India?

Answer : C. Corporate businesses

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4. 

______________ is NOT a Central government tax

Answer : C. Land Revenue

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5. 

What is 'hard currency' ?

Answer : B. A foreign currency short in supply

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6. 

An ad valorem tax is a tax levied on the basis of

Answer : D. value of real estate of personal property

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