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Public Finance and Public Revenue

Economics · Chapter 12 · 4. Banking in India

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Topics 6

  1. Public finance: meaning; sources of public revenue
  2. Direct taxes: meaning, merits and demerits
  3. Indirect taxes: meaning, merits and demerits; difference between direct and indirect taxes
  4. Goods and Services Tax (GST): meaning and objectives
  5. Progressive, proportional, regressive and degressive taxes
  6. Non-tax revenue: meaning and examples

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