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Money, Function, Significance & Characteristics Of Good Money

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Sources of Public Revenue

SOURCES OF PUBLIC REVENUE TAX Tax is a compulsory payment by a taxpayer to the government without expectation of any direct return or benef...

Difference Between Direct and Indirect Tax With Merits and Demerits

DIRECT AND INDIRECT TAXES A direct tax is one whose impact and incidence are on the same person. It cannot be shifted to someone else. In...

Canons of Taxation or Principles of a good taxation System

CANONS OR PRINCIPLES OF A GOOD TAXATION SYSTEM According to ADAM SMITH, a good taxation system is that one which contains the four followin...

Difference Between Public Finance and Private Finance

DIFFERENCE BETWEEN PUBLIC & PRIVATE FINANCE DIFFERENT APPROACH OF ADJUSTMENT OF INCOME TO EXPENDITURE An individual tries to adjust his...

Public Finance & Elements Of Public Finance

DEFINITION Public finance can be defined as under. “Public finance refers to the methods and principles which are concerned with the publ...

2nd Year Urdu Guess paper 2020 For Commerce Group

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DIFFICULTIES IN MEASURING NATIONAL INCOME 1. LACK OF STATISTICAL DATA In developing countries, the accurate figures about the various se...

2nd year Banking Guess Paper & Important Short Questions 2020

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Explain Robbin's definition of economics is the science of scarcity and choice.

Q economics is the science of scarcity and choice. Elucidate. Robbins definition of economics:                     ...