Question : Concept of indirect taxes and subsidies exist in __________ economy.
Option 1: Two sector
Option 2: Three sector
Option 3: Four sector
Option 4: Both B & C
Correct Answer: Both B & C
Solution : The concept of indirect taxes and subsidies do not arise in a two sector economy. It is relevant to three and four sector economy. Hence, Option D is correct.
Question : The difference between indirect taxes and subsidies is _________________.
Option 1: Net direct taxes
Option 2: Factor market
Option 3: Market price
Option 4: None of the above.
Question : Barter exchange is also known as
Option 1: C-C economy
Option 2: B-B economy
Option 3: D-D economy
Option 4: A-A economy
Question : When means of production are owned, controlled and operated by both public and private sector.
Option 1: Capitalist economy
Option 2: Socialist economy
Option 3: Mixed economy
Option 4: All of the above.
Question : How many types of revenue receipts exist in the economy?
Option 1: Two
Option 2: Four
Option 3: Five
Option 4: Three
Question : NNP at FC= GNP at MP - Depreciation - ___________________.
Option 1: Net factor income from abroad
Option 2: Net indirect taxes
Option 3: Indirect taxes
Option 4: Subsidies
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