Public Economics MCQ Questions and Answers Quiz

101. Dalton has divided debt redemption fund into

  1. Two parts
  2. three parts
  3. Four parts
  4. Five parts

102. Deficit financing may lead to

  1. Poverty
  2. Unemployment
  3. Inflation
  4. Deflation

103. Deficit financing means

  1. Public expenditure in excess of public revenue
  2. Public revenue in excess of public expenditure
  3. Both A and B
  4. none of the above

104. Defict financing includes

  1. Borrowing from the Central Bank
  2. Issues of new currency by the Government
  3. Withdrawal of past accumulated cash balance by the government
  4. All the above

105. Direct taxes have the element of

  1. Evasion
  2. convenient
  3. progressive
  4. economy

106. Education is an example of

  1. Public good
  2. Merit good
  3. Social good
  4. Club good

107. Education is an example of

  1. Private good
  2. Public good
  3. merit good
  4. mixed good

108. Elastic revenue response to marginal tax rate reductions is called

  1. Marginal tax curve
  2. Functional curve
  3. Laffer curve
  4. None of these

109. Equals treated equally in taxation leads to

  1. Vertical equity
  2. Real equity
  3. Horizontal equity
  4. None

110. Equals treated equally in taxation leads to

  1. Vertical equity
  2. Real equity
  3. Horizontal equity
  4. None
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