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INDIAN ECONOMY

Indian Economy
Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfers are

tax sharing
loans
all of the listed here
grant-in-aids

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Indian Economy
Debenture holders of a company are its

creditors
debtors
directors
shareholders

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Indian Economy
Excise duty is a tax levied on the

import of goods
export of goods
production of goods
sale of goods

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Indian Economy
Deficit financing means that the government borrows money from the

local bodies
RBI
big businessmen
none of the listed here

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Indian Economy
Revenue of the state governments are raised from the following sources, except

expenditure tax
land revenue
entertainment tax
agricultural income tax

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