Wealth tax and gift tax have never bought in large amount of revenue for the government and thus are referred to as _______. Option 1: Indirect Tax Option 2: Paper Tax Option 3: Cess Option 4: Value added Tax

The answer is 'Paper Tax'. View full solution:

CUET Economics - Wealth tax and gift tax have never bought in large amount of revenue for the government and thus are referred to as _______. | PYQs + Solutions

CUET Economics

Macro

Medium

Indirect Tax

Paper Tax

Cess

Value added Tax

✅ Correct Option: 2

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Which of the following taxes is a tax levied by the state governments that has been subsumed under GST?

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Choose the correct example of Revenue Expenditure.

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Match List-I with List-II

List-I	List-II
(A) Primary deficit	(I) Net borrowing at home + Borrowing from RBI + Borrowing from abroad
(B) Fiscal deficit	(II) Fiscal deficit – Net interest liabilities
(C) Revenue deficit	(III) Revenue expenditure – Revenue receipts
(D) Revenue Expenditure	(IV) Plan and non-plan expenditure

Choose the correct answer from the options given below: