Categorize the following items into Direct and Indirect Taxes.
Statement-Entertainment tax.

Economic growth means increasing per capita income over a period of time. Economic growth objective of the government budget depends on:

1. Profit maximisation.
2. Rate of savings and investment.
3. Fair distribution of income.
4. Removal of poverty.

Name two components (or parts) of a government budget.

Categorize the following items into Revenue and Capital Expenditure.
Statement-Expenditure incurred on administrative and defence services.

If you are the Finance Minister of India and want to set up the budget, then what type of budget would you like to set in case of excess demand?

If the revenue receipts are ₹ 1,000 crore and revenue expenditure is ₹ 1.200 crore. how much will be the revenue deficit?

Why is entertainment tax an indirect tax?

Define fiscal deficit.

Define a Tax.

Mention the indirect taxes subsumed under GST.