Public Economics Multiple Choice Questions and Answers

151. Treasury bills issued by the Government are in the nature of

1. Funded debts
2. Floating debts
3. Irredeemable debts
4. None

152. Unemployment insurance is an example of

1. Built in flexibility
2. Formula Flexibility
3. Discretionary Action
4. none of these

153. Unfunded debts are also known as

1. Funded debts
2. Floating debts
3. Irredeemable debts
4. None

154. Wagners Law is related to

1. Public revenue
2. Public expenditure
3. Public debt
4. Budget

155. When Ed is greater than Es, more incidence is on

1. Buyers
2. Sellers
3. Govt.
4. none of these

156. When Ed=Es, the burden is divided between

1. Buyers
2. Sellers
3. both a & b
4. Govt.

157. When Ed=infinity or Es=0, the whole incidence is on

1. Buyers
2. Sellers
3. Govt.
4. none of these

158. When Es=infinity or Ed=0, the whole incidence is on

1. Buyers
2. Sellers
3. Govt.
4. none of these

159. When Esis greater than Ed, more incidence is on

1. Buyers
2. Sellers
3. Govt.
4. none of these

160. When expenditure exceeds total tax revenue, it is called

1. Surplus budget
2. Balanced budget
3. Deficit budget
4. None of these