Public Economics Question and Answer

101. The Concentration theory of tax shifting and incidence was developed by

  1. Mercantilist
  2. Physiocrats
  3. Austraian School
  4. Keynesians

102. The concept of decentralized planning received renewed attention in India with the 73rd and 74th Constitutional Amendment Acts of

  1. 1993
  2. 1992
  3. 1995
  4. 2000

103. The concept of Merit good was introduced by

  1. Dalton
  2. Keynes
  3. R A Musgrave
  4. none of these

104. The concept of merit good was introduced in the year

  1. 1959
  2. 1960
  3. 1961
  4. 1962

105. The controlling authority of Government expenditure is

  1. RBI
  2. Planning Commission
  3. Ministry of Finance
  4. Finance Commission

106. The Current financial transactions of the government which are of recurring in nature is known as

  1. Revenue budget
  2. Capital budget
  3. Surplus Budget
  4. Deficit budget

107. The debts which the government promises to pay off at a specified date are called

  1. Irredeemable debts
  2. Funded debts
  3. Redeemable debts
  4. unfunded debts

108. The diffusion theory was associated with the name of

  1. Dalton
  2. Keynes
  3. R A Musgrave
  4. Mansfield

109. The direct violation of Tax law is called

  1. Tax evasion
  2. Tax avoidance
  3. Tax Rebate
  4. None of these

110. The Displacement effect hypothesis was formulated by

  1. Peacock and Wiseman
  2. Pigou
  3. Smith
  4. Musgrave

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