31. Non Tax revenues can be increased by improving the working of the

A. State Road Transport Corporations
B. electricity boards
C. commercial irrigation projects
D. All of the above


Correct Answer: C. commercial irrigation projects

32. Which of the following is not viewed as a national debt?

A. Provident Fund
B. Life Insurance Policies
C. National Saving Certificate
D. Long-term Government Bonds


Correct Answer: C. National Saving Certificate

33. The condition of indirect taxes in the country’s revenue is approximately

A. 70 percent
B. 75 percent
C. 80 percent
D. 86 percent


Correct Answer: D. 86 percent

34. Deficit financing means that the government borrows money from the

A. RBI
B. local bodies
C. big businessmen
D. IMF


Correct Answer: A. RBI

35. Revenue of the state governments are raised from the following sources, except

A. entertainment tax
B. expenditure tax
C. agricultural income tax
D. land revenue


Correct Answer: C. agricultural income tax

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