1.  Finance Commission is organized.

Answer & Explanation
After every five year

2.  Excise duty is paid for-

Answer & Explanation
Production of a commodity

3.  If for any product X, total utility from an units is 20 and from 10 unit is 15, then Marginal utility is

Answer & Explanation
-5

4.  Vijay Kelkar Committee was related to

Answer & Explanation
Tax reform

5.  Fringe Benefit Tax was introduced in budget

Answer & Explanation
2005-06

6.  'Value - added' is equal to

Answer & Explanation
Output Minus the Inputs

7.  In economics, 'utility' and 'Usefulness' words has.

Answer & Explanation
Different meaning

8.  CENVAT is related with

Answer & Explanation
Excise duty

9.  VAT is imposed on

Answer & Explanation
All level of production and selling

10.  The marginal revenue of monopolist is

Answer & Explanation
Less than price

11.  The 'Break-even' point is where

Answer & Explanation
Total revenue equals total cost.

12.  In Economics, Production means

Answer & Explanation
Creating utility

13.  The remuneration of the entrepreneur in production is

Answer & Explanation
Pure Profit

14.  Example of Sales tax is-

Answer & Explanation
Indirect tax

15.  Operating Surplus is produced in

Answer & Explanation
Enterprise Sector