1
You visited us
1
times! Enjoying our articles?
Unlock Full Access!
Byju's Answer
Standard XII
Economics
Revenue Budget
The money pai...
Question
The money paid by citizens to the government without any expectation in return is called ______.
A
loan
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
tax
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
financial aid
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
deficit financing
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is
B
tax
The money paid by the citizens to the government without any expectation in return is called tax.
Suggest Corrections
0
Similar questions
Q.
The money received by the government from its citizens is called ____.
Q.
When a government borrows from the RBI or prints money to fill the gap between its income and expenditure, it is called deficit financing.
Q.
The process of a government counting the citizens of its country is called a census.
Q.
A non-Money Bill passed by the Parliament is returned by the President to Parliament for reconsideration. It is passed once again by the Parliament without any change. Now the ____________________.
Q.
With reference to Fiat Money, consider the following statements:
1) It is the money declared by a government to be legal tender.
2) It is the money without intrinsic value.
3) It is the state issued money which is neither legally convertible to any other thing, nor fixed in value terms of any objective standard.
Which of the statements given above is/are correct?
View More
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
Related Videos
Revenue budget
ECONOMICS
Watch in App
Explore more
Revenue Budget
Standard XII Economics
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
AI Tutor
Textbooks
Question Papers
Install app