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प्रश्न
What do you understand by G.S.T?
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उत्तर
"Goods and services tax" refers to any tax on the supply of goods, services, or both, excluding taxes on the supply of alcoholic beverages for human consumption. It is an indirect tax that combines various taxes, such as sales tax, excise tax, VAT, and so on, into a single tax for the entire country. GST is levied at every stage of the supply chain of goods or services, from production to the final retail level, replacing the various archaic tax structures.
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संबंधित प्रश्न
‘The fiscal deficit gives the borrowing requirement of the government’. Elucidate.
Give the relationship between the revenue deficit and the fiscal deficit.
Suppose that for a particular economy, investment is equal to 200, government purchases are 150, net taxes (that is lump-sum taxes minus transfers) is 100 and consumption is given by C = 100 + 0.75Y (a) What is the level of equilibrium income? (b) Calculate the value of the government expenditure multiplier and the tax multiplier. (c) If government expenditure increases by 200, find the change in equilibrium income.
Discuss the issue of deficit reduction.
Classify the following statement into positive economic or normative economic, with suitable reason:
Government should try to control the rising fiscal deficit.
Read the following statements carefully and choose the correct alternatives given below:
Statement 1: Fiscal Deficit = Total Budget Expenditure - Total Budget Receipts (Net of borrowing)
Statement 2: Primary Deficit = Fiscal Deficit + Interest Payments.
What is relation between government deficit and government debt?
Which of the following statements are correct
Statement 1: Fiscal deficits are not necessarily inflationary; though, they are generally regarded as inflationary.
Statement 2: When the government expenditure increases and tax reduces, there is a government deficit and there will be a corresponding increase in the aggregate demand.
______ are the transactions between the residents of two countries that take place due to consideration of profit.
______ are those transactions that are undertaken to cover deficit or surplus in autonomous transactions.
If India exports goods worth ₹20 crores and imports goods worth ₹30 crores, it will have a ______
Fiscal Deficit equals:
The shape of average revenue curve in monopoly is ______
How good is the system of G.S.T as compared to the old tax system?
On the basis of the given information, calculate the value of:
- Fiscal deficit
- Primary deficit
| S.No. | Items | 2021-22 (₹ in crore) |
| (i) | Revenue Receipts | 20 |
| (ii) | Capital Expenditure | 15 |
| (iii) | Revenue Deficit | 10 |
| (iv) | Non-debt creating capital receipts | 50% of revenue receipts |
| (v) | Interest Payments | 4 |
A Revenue Deficit occurs when:
The Revenue Deficit is always a part (sub-component) of which deficit?
If Total Expenditure is ₹1,200 crore, Revenue Receipts are ₹800 crore and Non-Debt Creating Capital Receipts are ₹100 crore, the Fiscal Deficit equals:
The Primary Deficit shows the borrowing requirement of the government:
