Expenditure Tax Was Introduced in India as Per the Recommendation

question 8

Multiple Choice

Expenditure tax was introduced in India as per the recommendation of ………………

• A)nehru
• B)kaldor
• C)k. n. raj
• D)john mathai

Identify the role of factor analysis in personality psychology and its outcomes.

Understand the relationship between personality traits and political attitudes.

Recognize the concept of ego resiliency and ego control in the context of psychological theory.

Understand the principles of offer and acceptance in contract formation.

---

Definitions:

Invisible Hand

A concept introduced by Adam Smith to describe the self-regulating nature of the market economy driven by individuals' pursuit of their own self-interest.

Government Involvement

The extent to which the government intervenes in the economy, which can range from regulation and tax policy to direct control or ownership of businesses.

Self-Interest

The driving force in economics that motivates individuals to pursue their own objectives and desires, often leading to economic activity and exchanges.

Private Enterprise

Businesses or economic activities owned and managed by individual private owners rather than by the state.