Multiple Choice
Fiscal Federalism refers to
A) sharing of political power between centre and states
B) organising and implementing economic plans
C) division of economic functions and resources among different layers of government
D) none of these
Correct Answer:

Verified
Correct Answer:
Verified
Q12: When expenditure exceeds total tax revenue, it
Q13: The diffusion theory was associated with the
Q14: In which year GST was first introduced<br>A)1952<br>B)1953<br>C)1954<br>D)1955
Q15: In India GST was introduced in the
Q16: Escheat is an example of<br>A)direct tax<br>B)indirect tax<br>C)both
Q18: The principle of public expenditure that requires
Q19: The most accepted theory of taxation in
Q20: Gift tax was introduced in the year<br>A)1958<br>B)1959<br>C)1960<br>D)1961
Q21: The theory of fiscal policy derives from<br>A)principle
Q22: In which of the following type of