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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

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

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Indian Economy
Debenture holders of a company are its

directors
shareholders
debtors
creditors

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Indian Economy
Excise duty is a tax levied on the

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

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

none of the listed here
big businessmen
local bodies
RBI

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

entertainment tax
land revenue
expenditure tax
agricultural income tax

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