In the Union Budget 2011-12, a full exemption from the basic customs duty was extended to the bio-based asphalt (bioasphalt). What is the importance of this material? 1. Unlike traditional asphalt, bio-asphalt is not based on fossil fuels. 2. Bioasphalt can be made from non-renewable resources. 3. Bioasphalt can be made from organic waste materials. 4. It is eco-friendly to use bioasphalt for surfacing of the roads. Which of the statements given above are correct?

Which one of the following statements appropriately describes the "fiscal stimulus"?

Which one of the following is not a feature of "Value Added Tax"?

What is the difference between "vote-on-account" and "interim budget"? 1. The provision of a "vote-on-account" is used by a regular Government, while an "interim budget" is a provision used by a caretaker Government. 2. A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts. Which of the statements given above is/are correct?