301. Rectification of a mistake in any order passed by an officer of Inland Revenue Commissioner (Appeals) or the Appellate Tribunal can be made as envisaged under section:
(A) 53
(B) 55
C) 57
(D) 59
302. According to Section _ the tax liability of a deceased registered person under the act shall be the first charge on his estate in the hands of his successor.
(A) 51
(B) 52
C) 53
(D) 54
303. No person shall be declared as the representative of a non-resident person unless the person has been given an opportunity by the __ of being heard.
(A) Inspector Inland Revenue
B) Commissioner
(C) Collector
(D) None of these
304. Price theory studies the problem of:
A) What goods to produce and how much to produce
(B) How to produce
(C) For whom to produce
(D) None of the above
305. Theory of production studies the problem of:
(A) What goods to produce and how much to produce
B) How to produce
(C) For whom to produce
(D) All of the above
306. Theory of distribution studies the problem of:
(A) What goods to produce and how much to produce
(B) How to produce
C) For whom to produce
(D) All of the above
307. Central problem of an economy can be:
A) What goods to produce and how much to produce
(B) How to produce
(C) For whom to produce
(D) All of the above
308. Economic problem arises because:
A) Wants are unlimited
B) Resources are scarce
C) Alternative uses of resources exist
D) All of the above
309. Disadvantages of the inductive method can be:
A) Expensive method
B) Chances of personal bias of the investigators are present
C) Complex method
D) All of the above
310. Merits of the inductive method of economic theory can be:
A) Verifies economic facts
B) Realistic and reasonable method
C) Scientific method
D) All of the above
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