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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

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

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Indian Economy
Debenture holders of a company are its

debtors
directors
shareholders
creditors

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Indian Economy
Excise duty is a tax levied on the

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

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

none of the listed here
RBI
local bodies
big businessmen

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

land revenue
expenditure tax
agricultural income tax
entertainment tax

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