MCQ quiz on Public Economics multiple choice questions and answers on Public Economics MCQ questions on Public Economics objectives questions with answer test pdf for interview preparations, freshers jobs and competitive exams. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject.

Public Economics MCQ Questions and Answers Quiz

1. .......... is a special type of once for all tax on capital imposed to repay war debts.

  1. Repudiation
  2. Refunding
  3. Conversion
  4. Capital levy

2. ........... is the process of replacing maturing securities with new securities.

  1. Repudiation
  2. Refunding
  3. Conversion
  4. Capital levy

3. ............ refers to refusal to repay the debt

  1. Repudiation
  2. Capital levy
  3. Sinking fund
  4. none of the above

4. ................ is the debt which is paid any legal enforcement

  1. Voluntary debt
  2. compulsory Debt
  3. internal debt
  4. external debt

5. .................... is a broad based and a single comprehensive tax levied on goods and services consumed in an economy

  1. VAT
  3. GST
  4. None of these

6. .................... is the first country to implement GST

  1. USA
  2. U K
  3. Canada
  4. France

7. A budget where there is excess of expenditure over revenue is called

  1. Surplus
  2. Deficit
  3. Balanced
  4. Zero-based

8. A criterion by which public goods are distinguished from private goods

  1. Exclusion principle
  2. Externality principle
  3. Public choice principle
  4. None of the above

9. A duty levied on goods when they entering a town

  1. Income tax
  2. Octroi
  3. Agricultural tax
  4. Professional tax

10. A proportional tax is one in which the rate of tax remains ....... irrespective of the level of income

  1. Zero
  2. One
  3. Two
  4. Constant

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