Public Finance And Budget — Important Questions
Telangana Open School (TOSS) · Class 12 · Economics
44 important questions from Public Finance And Budget for Telangana Open School (TOSS) Class 12 Economics, with answers. Written for the board exams 2027.
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Important Questions from Public Finance And Budget
Which of the following is a direct tax?
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Personal income tax
Direct taxes are those where the burden cannot be shifted, such as income tax paid directly by individuals.
What does CGST stand for?
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Central Goods and Services Tax
CGST stands for Central Goods and Services Tax, which is collected by the Central Government under the GST regime.
Which of the following is a component of public finance?
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Public revenue,Public expenditure,Public debt
Public finance consists of three main components: public revenue, public expenditure, and public debt.
Which body recommends the distribution of tax proceeds between the Centre and States?
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Finance Commission
The Finance Commission is established under Article 280 to recommend the distribution of tax revenues between the Centre and States.
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