GST is equivalence of

(a)

Sales tax

(b)

Corporation tax

(c)

Income tax

(d)

Local tax

The direct tax has the following merits except

(a)

equity

(b)

convenient

(c)

certainty

(d)

civic consciousness

"Revenue Receipts" of the Government do not include

(a)

Interest

(b)

Profits and dividents

(c)

Recoveries and loans

(d)

Rent from property

Budget estimates are prepared by _____________

(a)

Ministry of Finance

(b)

Public finance

(c)

Public Revenue

(d)

All the above

A ________ is a penalty imposed on an individual for violation of law.

(a)

Grants

(b)

Aids

(c)

Fine

(d)

fees

Define public finance.

Write a short note on zero based budget.

Give two examples for direct tax.

What are the subject matter of public finance?

What are the classification of public revenue?

Mention any three similarities between public finance and private finance.

Point out any three differences between direct tax and indirect tax.

What is primary deficit?

What are the main sources of internal public debt?

What are the types of budget?

What are the advantages of GST?

List the Revenue of Union Sources.