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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
Explain 'Revenue Deficit in a Government budget? What does it indicate?
Define revenue
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.
Consider an economy described by the following functions:- C = 20 + 0.80Y, I = 30, G = 50, TR = 100 (a) Find the equilibrium level of income and the autonomous expenditure multiplier in the model. (b) If government expenditure increases by 30, what is the impact on equilibrium income? (c) If a lump-sum tax of 30 is added to pay for the increase in government purchases, how will equilibrium income change?
Explain the relation between government deficit and government debt.
Classify the following statement into positive economic or normative economic, with suitable reason:
Government should try to control the rising fiscal deficit.
Suppose you are a member of the "Advisory Committee to the Finance Minister of India". The Finance Minister is concerned about the rising Revenue Deficit in the budget.
Suggest anyone measure to control the rising Revenue Deficit of the government.
Which of the following statement is true?
| S. No. | Content | Rs (in crores) |
| 1. | Revenue Expenditure | 100 |
| 2. | Capital Receipts | 40 |
| 3. | Net Borrowings | 38 |
| 4. | Net Interest Payments | 27 |
| 5. | Tax Revenue | 50 |
| 6. | Non-tax Revenue | 15 |
Which of the following is the formula for revenue deficit?
Assertion (A): Fiscal deficit is measured in terms of borrowings.
Reason (R): External borrowings increases the Fiscal deficit.
A fiscal deficit is equal to borrowings. It is ______
When the revenue receipts are less than the revenue expenditures in a government budget, this shortfall is termed as
The difference between fiscal deficit and interest payment is known as ______
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.
How do we get the primary deficit from the fiscal deficit?
If India exports goods worth ₹20 crores and imports goods worth ₹30 crores, it will have a ______
Fiscal Deficit equals:
Identify which of the following statements is true.
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 |
