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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
grant-in-aids
all of the listed here

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Indian Economy
Debenture holders of a company are its

shareholders
creditors
debtors
directors

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Indian Economy
Excise duty is a tax levied on the

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

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

local bodies
none of the listed here
big businessmen
RBI

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

entertainment tax
land revenue
agricultural income tax
expenditure tax

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