Public Economics MCQ Questions and Answers Quiz

91. The Annual Account of both the income and expenditure is called

  1. Plan
  2. Budget
  3. Manifesto
  4. Accounts

92. The balanced budget principle was advocated by

  1. Keynesians
  2. Mercantilists
  3. Classical school
  4. Neo-Classical school

93. The basic principle of public finance is

  1. Maximum Social Advanatage
  2. welfare of the Govt.
  3. welfare of the Individual
  4. all of the above

94. The Benefit Principle of taxation states that tax should be paid in proportion to

  1. Income
  2. Expenditure
  3. Benefit
  4. Utility

95. The best system of public finance is that which secures the maximum social advantage from the operations which it conducts is the dictum of

  1. Adam Smith
  2. Dalton
  3. J.B. Say
  4. Marshall

96. The burden of direct taxes is borne by

  1. Rich person
  2. poor person
  3. on whom it is levied
  4. none of these

97. The burden of long term public debt is on

  1. Present generation
  2. past generation
  3. future generation
  4. none of these

98. The burden of long-term public debt fall on

  1. Present generation
  2. Past generation
  3. Future generation
  4. All

99. The chairman of the 15th Finance Commission of India is

  1. A.M. Khusro
  2. K. C. Pant
  3. N.K. Singh
  4. Arun Jaitley

100. The Classical economists asserted that public expenditure is

  1. Unproductive
  2. Productive
  3. stagnant
  4. All of these
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