Indian Economy
The annual yield from which of the following Union Government taxes is the highest?

Custom duties
Corporation tax and income tax
Inheritance tax, wealth tax, interest tax and gift tax
Excise duties

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Indian Economy
If the RBI adopted an expansionist open market operations policy, this means that it will

offer commercial banks more credit in the open market
sell securities in the open market
openly announce to the market that it intends to expand credit
buy securities from non-government holders

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Indian Economy
Deficit financing implies

public expenditure in excess of public revenue
printing new currency notes
none of the listed here
public revenue in excess of public expenditure

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