Indian Economy ...

Consider the following statements: 
1. Revenue budget deals with receipts from taxation and non-tax sources and the expenditure met out from these sources.
 2. Net recoveries of loans and advances to states are public sector enterprises form the revenue receipts of the government. 
Which of the statements given above is/are correct? 

Consider the following statements:
1. The proceed of personal income tax is shared between the Central and State Governments.
2. The proceeds of the central excise duty is not shared between the Central and State Governments. 

Fiscal deficit in the budget means __________.

Value-added tax is ___________.

The income elasticity of demand for inferior goods is

Consider the following statements
1. In Indian economy, the employment generated by the private sector is more than that of the public sector.
2. In Indian economy, the growth rate of public sector in the industrial areas like heavy and basic industries, machine goods sector etc is more than that of the private sector.
Which of the statements given above is/are correct?

Match List I with List II and select the correct answer using the codes given below the lists:

Consider the following statements
1. Disinvestment is using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units rather than receiving the distributions in cash.
2. Disinvestment refers to selling of equity of a Public Sector Undertaking (PSU) to a private organisation or to general public.
Which of the above statements is/are correct?

Consider the following taxes:
1. Sales tax 

Minimum Alternate Tax (MAT) is imposed by the Indian Government in addition to which one of the following tax?