True / False :1. Consumption = Income – Savings.2. Expenditure for

1.	True / False :1. Consumption = Income – Savings.2. Expenditure for further production is known as savings.3. Income tax is direct tax.4. The policy related with income and expenditure of the govt., is known as fiscal policy.5. Per capita income is also known as Average income.
Answer» 1. True 2. False 3. True 4. True 5. True

True / False :1. Consumption = Income – Savings.2. Expenditure for further production is known as savings.3. Income tax is direct tax.4. The policy related with income and expenditure of the govt., is known as fiscal policy.5. Per capita income is also known as Average income.

Answer»

1. True

2. False

3. True

4. True

5. True