What Is the Biggest Source of Income for the Central

question 9

Multiple Choice

What is the biggest source of Income for the Central Government in the Union Budget 2020-21?

• A)goods and services tax
• B)corporation tax
• C)income tax
• D)borrowings and other liabilities

Apply the Coase theorem to real-world externality problems and private solutions.

Understand the principles of absolute and comparative advantage in trade.

Recognize the importance and implications of the small-economy assumption in trade analysis.

Comprehend the concept of world price and its significance in international trade.

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Definitions:

External Consultants

Experts hired from outside an organization to provide specialized knowledge, skills, or advice in specific areas.

Incentive Pay Systems

Compensation strategies used by organizations to motivate and reward employees beyond their regular salaries based on performance criteria.

Customer Focus

A strategic approach by businesses that prioritize the interests, needs, and satisfaction of customers in their planning, product development, and service delivery.

Employee Surveys

Tools used by organizations to gain feedback from employees regarding their feelings and perceptions about the work environment, culture, and processes.