State any three characteristics of taxation.

Point out any three differences between direct tax and indirect tax.

Write any six principles of Federal Finance.

List out the several types of indirect taxes.

What do you mean by Government subsidies?

What is internal public debt?

What are external public debt?

Draw the diagram from the functions of modern state.

Compare the nature of Sales Tax, VAT and GST.

What are the main sources of internal public debt?

What are the types of budget?

Bring out the sources of revenue of district boards.

What are the sources of revenue of Municipalities?

Bring out the sources of Revenue of Corporations.

What are the objectives of Fiscal Policy?