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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

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

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Indian Economy
Debenture holders of a company are its

creditors
debtors
shareholders
directors

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Indian Economy
Excise duty is a tax levied on the

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

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

big businessmen
RBI
local bodies
none of the listed here

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

land revenue
expenditure tax
entertainment tax
agricultural income tax

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