Question

Assertion (A): charitable activities are not accounted in the GDP of a country Reason (R): It is non economic activity. A. Both A and R are true and R is the correct explanation of A B. Both A and R are true but R is not the correct explanation of A C. A is true but R is false D. A is false and R is true

Answer 1

Answer:

Multiple choice questions (Q. no 1 to 5)

1. Direct tax is a tax whose : (1)

a) The liability to pay and incidence do not lie on the same person

b) The liability to pay lies on one and incidence lies on the other person

c)The liability to pay and incidence do lie on the same person

d) The liability to pay and incidence do lie on the government

2. Which among the following is the limitation of barter system of exchange. (1)

a) Lack of divisibility b)Lack of store of value

c) Lack of common measure of value d) All of these