Public Economics MCQ Questions and Answers Quiz

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

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

172. 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

173. The Classical economists asserted that public expenditure is

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

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

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

175. 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

176. The concept of Merit good was introduced by

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

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

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

178. The controlling authority of Government expenditure is

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

179. 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

180. 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
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