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Explain in details 23. Which of the following is correct Note : In the following Question No. 27, measurement of fiscal deficit in there are

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Explain in details

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23. Which of the following is correct Note : In the following Question No. 27, measurement of fiscal deficit in there are two statements, one is India ? Assertion (A) and the other (A) Excess of total revenue Reason (R). You have to examine expenditure over total revenue these carefully and select the receipts. answer from the codes given below : (B) Excess of total expenditure 27. Assertion (A) : Indirect taxes over total revenue receipts plus promote inequalities in the non-debt capital receipts. distribution of income. (C) Excess of total expenditure Reason (R) : The poor bear over total receipts. more burden of indirect taxes. (D) Excess of total expenditure Codes : over total interest payments. (A) (A) is true but (R) is false. (B) Both (A) and (R) are true and 24. Marginal cost of a pure public good (R) is the correct explanation is of (A). (A) zero or close to zero (C) (A) is false but (R) is true. (B) one (D) Both (A) and (R) are false. (C) (A) and (B) both 28. Factor Endowment Theory of (D) very high International Trade is given by (A) Heckscher-Ohlin 25. Which of the following is not one of (B) Haberler the objectives of the tax reforms in (C) Raul Prebisch India ? (D) Jagdish Bhagwati (A) Reduction in multiplicity of custom duty rates 29. The concept of single factoral and (B) Improving tax compliance double factoral terms of trade have (C) Widening the tax-base been given by (A) Haberler (D) Suggesting ways to increase the share of indirect taxes in (B) Jacob Viner total tax revenue (C) Snider (D) Scammel 26. An excise duty is fully borne by the buyers, when price elasticity of 30. The equation of foreign trade demand for the product is multiplier is (A) Rupee - Dollar Ratio (A)

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