Theories of Employment and Income — Economics STD 12 — Question

Which of The Following Is Correctly Matched.

Which of the following is correctly matched.

Which Of The Following Is Correctly Matched:

Match the following :
A. Modern state – (i) Indirect tax
B. Gift tax – (ii) Welfare state
C. Corporate tax – (iii) Direct tax
D. Sales tax – (iv) Tax of the central government

…………………….. causes great damage to human beings, animals and crops.

The buffer stock financing facility was started in …………………….

Assertion (A): Canons of Taxation are Economical, Equitable, Convenient, Certain Efficient and Flexible.
Reason (R): Adam Smiths four canons of taxation are Canon of Ability, Canon of Certainty, Canon of Convenience, Canon of Economy.

Assertion (A): Public finance is a study of the financial aspects of government.
Reason (R): Public finance is concerned with the revenue and expenditure of public authorities and with adjustment of the one to the other.

Which of the following is not correctly matched.

Assertion (A): According to say, “when goods are produced by firms in the Economy”.
Reason (R): There was no single theory which could be labeled as classical theory of employment.