By which bill, government presents a proposal for annual revenue collection

By which bill, government presents a proposal for annual revenue collection
by

1 Answer

Answer :

Finance Bill
by

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A situation where the expenditure of the government exceeds its revenue is called

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The effective rate of protection (a). distinguishes between tariffs that are effective and those that are ineffective (b). is the minimum level at which a tariff becomes effective in limiting imports (c). shows how effective a tariff is in raising revenue for the government (d). shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms

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Agricultural income tax is a source of revenue to (1) Central Government (2) State Government (3) Local Administration (4) Centre and State Govern ments

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Last Answer :  State Government

Taxes are as certain as the death, because (1) They constitute the major source of government revenue. (2) Government have no other source of revenue. (3) Most PSUs are run inefficiently. (4) Government has its own budget constraints.

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Last Answer : They constitute the major source of government revenue.

Which one of the following is not included in current revenue of the Union Government ? (1) Tax revenue (2) Non-tax revenue (3) Loans (4) Interest payments

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The sale proceeds of Government Bonds come under the budget head of (1) Revenue Receipts (2) Current Expenditure (3) Capital Outlay (4) Capital Receipts

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Last Answer : Capital Receipts

If the main objective of the government is to raise revenue, it should tax commodities with (1) high elasticity of demand (2) low elasticity of supply (3) low elasticity of demand (4) high income elasticity of demand

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Last Answer : low elasticity of demand

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What government ministry is responsible for the collection of taxes in the Bahamas?

Description : What government ministry is responsible for the collection of taxes in the Bahamas?

Last Answer : Need answer