2.A _____ is a mandatory fee charged by a government on an individual or an organization to collect revenue for the benefit of the population

3. which tax is a type of tax levied on individuals or entities directly by the government?

4.Which year Gift Tax Act, was established ?

5.______ is a consumption tax levied on the sale of goods and services.

6.______ is also called as Central Value Added Tax .

7.Taxes should be levied and collected in such a manner that it provides the greatest convenience not only to the taxpayer but also to the government:True/False

8.________is the total amount, including total liabilities, borrowed by the government to meet its development budget.

9.The government’s borrowing within the country is known as ____ debt.

10.If government collects any fund to pay back the debts, then the amount of that fund subtracted from the total debt and whatever left is called net debt:True/False.

11.social good is also called as ____ good.

12.______ refers to the inefficient distribution of goods and services in the free market.

13. 13._____ plays a crucial role in fostering economic development by facilitating the allocation of resources, promoting stability and enabling sustainable growth.

14.________ means repayment of a debt.

15.Which country followed repudiation method ?

16.Funded debt is a long term debt.

17.Shortcoming of public debt is

18.The aim of public finances is managing and fulfilling the public requirements

19. In real life there are few pure public good and pure private good.

20.____ occurs when either the buyer or the seller possesses the power to determine the price of goods or services in a market.