Question : Tax reform refers to improvements in the taxation and public expenditure policies of the government, which are collectively called__________.
Option 1: fiscal policy
Option 2: fiscal reforms
Option 3: financial reforms
Option 4: financial policy
Correct Answer: fiscal policy
Solution : The correct answer is fiscal policy.
Tax reform refers to improvements in the taxation and public expenditure policies of the government, which are collectively called "fiscal policy." Fiscal policy encompasses government decisions regarding taxation, public spending, and overall economic management to achieve desired macroeconomic outcomes.
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Question : Fill in the blanks- ______ refers to reforms in government taxation and public expenditure policies.
Option 1: Monetory policy
Option 2: Direct taxes
Option 3: Indirect taxes
Option 4: Tax reforms.
Question : Priorities of the government in the fiscal area and its related policies and deviations are mentioned in which part of the budget document?
Option 1: Fiscal Policy Strategy Statement
Option 2: Appropriation Bill
Option 3: Macroeconomic Framework Statement
Option 4: Medium-term Fiscal Policy Statement
Question : Assessment of the country’s GDP growth, external balance and fiscal balance are presented in which part of the budget document?
Option 1: Medium-term Fiscal Policy Statement
Option 2: Appropriation bill
Option 3: Fiscal Policy Strategy Statement
Option 4: Macroeconomic Framework Statement
Question : Expenditure of the government on health facilities, education and fixed-asset acquisition is termed as _________.
Option 1: revenue expenditure
Option 2: plan expenditure
Option 3: non-plan revenue expenditure
Option 4: capital expenditure
Question : Lord Dalhousie, the Governor-General, introduced which of the following policies about the expansion of the British Empire?
Option 1: Subsidiary Alliance
Option 2: Policy of Paramountcy
Option 3: Doctrine of Lapse
Option 4: Policy of Ring Fence
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